Chapter 17 - Industrial America: Corporations and Conflicts, 1877-1911 Flashcards
Andrew Carnegie
Scottish immigrant who exemplified American success by making steel a major U.S. industry
Gustavus Swift
inventor of the assembly line in the meat-packing industry
John D. Rockefeller
skilled businessman and co-founder of the Standard Oil Company
Henry George
author of Progress and Poverty, which suggested that industrialization would result in permanent poverty
Terence Powderly
leader of the Knights of Labor
Leonora Barry
full-time organizer of the Knights of Labor who investigated and exposed cases of workplace sexual harassment
Samuel Gompers
leader of the American Federation of Labor
Homestead lockout
1892 lockout of workers at the Homestead steel mill (Pennsylvania) after Andrew Carnegie refused to renew the union contract
management revolution
an internal management structure adopted by many large corporations that distinguished top executives from those responsible for day-to-day operations
vertical integration
model in which a company controlled all aspects of production, from raw materials to finished goods
horizontal integration
business concept in which companies pressure competitors and force them to merge their companies into a conglomerate
trust
a small group of associates that hold stock from a group of combined firms, managing them as a single entity
deskilling
the elimination of skilled labor under the new system of mechanized manufacturing
mass production
a system in which goods are produced by assembly of standardized parts
scientific management
a system of organizing work that was designed to coax maximum output from the individual worker, increase efficiency, and reduce production costs