Chapter 3 Gilded Age and The Progressive Era Flashcards
leave alone’ when it comes to economic intervention
Laissez-Faire
trade union combining workers who are engaged in a particular craft or skill but who may work for various employers and at various locations
Craft Union
a person who has become rich through ruthless and unscrupulous business practices
Robber Barons
large companies that controlled an industry or a sector, giving them the ability to control the prices of the goods and services they provided.
Monopoly
Business that is owned by investors that purchase shares of that company.
Corporation
a relationship between persons in which one has the power to manage property and the other has the privilege of receiving the benefits from that property
Trust
an association of workers formed to negotiate collectively with an employer to protect and further workers’ rights and interests
Labor Union
a government grant to an inventor of the right to exclude others from making, using, or selling an invention, usually for a limited period
Patent
a tax charged on goods or services as they move from one country to another.
Tariff
a policy of favoring native inhabitants as opposed to immigrants
Nativism
a significant decline in economic activity spread across the economy
Recession
a monetary system where a country’s currency or paper money has a value directly linked to gold
Gold Standard
an American politician most notable for being the political boss of Tammany Hall
William M. Tweed
A broad ranging philosophy which rejects all forms of coercion and most forms of authority, especially state and government.
Anarchist
a political ideology in the 19th century United States aimed at increasing political and economic equality
Radicalism
A worker who refuses to join the union or who works while others are striking
Strike breaker
direct vote by the electorate on a proposal, law, or political issue.
Referendum
The right to vote
Suffrage
founded in 1867 to advance methods of agriculture, as well as to promote the social and economic needs of farmers in the United States
Grange
Removal of an elected official
Recall
a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace.
Sherman anti trust act
related left-wing movements of the late 19th century that wanted to curtail the power of the corporate and financial establishment.
Populist party
a nationwide ban on the sale and import of alcoholic beverages that lasted from 1920 to 1933
Prohibition
An expose for the meat paking industry
The jungle
journalists and novelists of the Progressive Era who sought to expose corruption in big business and government
Muckraking
a state in the United States in which the manufacture, distribution, importation, and sale of alcoholic beverages was prohibited or tightly restricted
Dry states
illegalized the manufacture, transportation, and sale of alcohol—was passed by the U.S. Congress in 1917
18th amendment
a means through which any citizen or organization may gather a predetermined number of signatures to qualify a measure to be placed on a ballot, and to be voted upon in a future election
Initiative
housing projects designed to elevate the situation of the members of the poor working class
Settlement houses
granted women the right to vote.
19th amendment
