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8th Social Studies > Chapter 4 > Flashcards

Chapter 4 Flashcards

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1
Q

trust

A

group of companies managed by a single board of trustees

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2
Q

rebates

A

offered to companies who shipped large quantities

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3
Q

long distance communication

A

telephone & telegraph; unified the nation; communication much faster

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4
Q

vertical integration

A

acquiring companies at all stages of production; Carnegie & steel industry

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5
Q

horizontal integration

A

buying up companies that do the same thing; Rockefeller & oil industry

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6
Q

railroads & industry

A

allowed industry to expand to the West; steel, lumber, & coal industries grew

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7
Q

“John Henry”

A

railroad work song

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8
Q

monopoly

A

complete control of an industry

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9
Q

shareholders

A

partial owners of a company; get paid if company makes money

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10
Q

collective bargaining

A

unions representing workers in talks w/management

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11
Q

dividend

A

stockholder’s share of a company’s profits

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12
Q

Thomas Edison

A

Menlo Park; phonograph; storage battery; light bulb in 1879

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13
Q

merger

A

combining two or more companies into one

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14
Q

injuction

A

court order to stop a labor union from striking; used to stop Pullman Strike

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15
Q

consolidation

A

combining separate companies; railroad barons used to drive competitors out of business

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16
Q

Pullman Strike

A

b/c wages cut; 1894; injunction issued b/c strike paralyzed rail traffic

17
Q

Andrew Carnegie

A

steel industry; philanthropist; built schools, universities, libraries

18
Q

transatlantic telegraph cable

A

1866; Cyrus Field; connected U.S. & Europe; seconds to get message to Europe

19
Q

ESSAY: working conditions of factory workers in late 1800s & early 1900s

A
  • page 113
  • hours
  • wages
  • fired if…
  • safety
  • children
  • women
  • specifics for steel, coal, garment/textile industries

8th Social Studies (9 decks)

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