Chapters 13-16 Flashcards

1
Q

Monopoly

A

exclusive control of one company over an industry in a particular market to make possible manipulation of prices.

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2
Q

horizontal integration

A

buying up/owning all the producers of that good

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3
Q

vertical integration

A

buys all the MATERIALS for the product (such as Rail roads, products, etc)

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4
Q

Andrew Carnegie

A

used vertical integration for steel

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5
Q

John D. Rockefeller

A

Owns all standard oil companies

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6
Q

JP Morgan

A

wealthy banker (financed others typhoons)

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7
Q

Bessemer Process

A

process to purify iron to strong lightweight steel

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8
Q

laissez-faire

A

government should not interfere with economic affairs

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9
Q

cartels

A

trust formed especially to regulate prices

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10
Q

trust

A

companies assign stock to trustees who combine them into a new organization

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11
Q

Sherman Anti-trust Act

A

1890-outlawed trusts that held back trade

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12
Q

Interstate Commerce Commision

A

oversee interstate transportation/railroads

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13
Q

WASP

A
White
Anglo
Saxon
Protestants 
(progressives)
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14
Q

Knights of Labor

A

1869-labor union, secret society, devoted to broad social reform

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15
Q

American Federation of Labor

A

1886- loose organization of skilled workers, devoted to skills/trades

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16
Q

Jim Crow laws

A

laws separating blacks from whites

17
Q

WEB Du Bois

A

demanded that blacks receive rights

18
Q

Booker T. Washington

A

famous black leader during the late 19th century (accommodate to segregation)

19
Q

Granger Movement

A

providing education on new farming

20
Q

Socialism

A

economic/political philosophy that favors a public control of property

21
Q

swearshop

A

small, hot, dirty, dark workhouses for factory workers

22
Q

spoils system

A

politicians awarded government jobs to loyal party workers

23
Q

Grandfather clause

A

allowed a person to vote as long as long as his ancestors had voted prior to 1866

24
Q

poll tax

A

required voters to pay a tax to vote

25
Q

literacy tests

A

given to vote, prevented blacks from voting

26
Q

corporation

A

large business with multiple owners, 100’s of workers, board of directors, and executive

27
Q

presidents:

A

1884: Grover Cleveland
1888: Benjamin Harrison
1892: Grover Cleveland
1896: McKinley (elected because of urban workers, he said populists were dictators, McKinley also had a lot of money

28
Q

William Jennings Bryan

A

populist/democratic leader, democrats wanted silver coinage to create inflation, which they hoped would raise their income

29
Q

Tariffs and Gold standard

A

Republicans: increase tariff- allows industries to grow, promote jobs in manufacturing
Democrats: decrease tariff- high tariffs increased cost of goods to consumers, hard to sell goods abroad

30
Q

populism

A

poeple’s party-1892-build a new political party, many of its specific reforms became a reality in the 20th century.

31
Q

Plessy v. Ferguson

A

14th amendment- equal rights to all. Plessy sat in a white car on a train and was arrested. 7:1 vote-separate car rule did not violate the 14th amendment.

32
Q

Civil Service Reform

A

system that includes federal jobs in executive branch

33
Q

Assassination of James Garfield

A

prez. killed in 1881 by a man (Charles Guiteau) who wanted to be the ambassador to France

34
Q

Cornelius Vanderbilt

A

Railroad typhoon

35
Q

“Robber barons” or “Captains of Industry”

A

wealthy and powerful 19th-century American businessmen

36
Q

“Gilded Age”

A

period spanning approximately the 1870s to the turn of the twentieth century (new lifestyle that middle class Americans adopted during this period-shopping, sports, reading popular magazines/newspapers)