EXAM 1 Flashcards
Union Pacific Railroad
1st transcontinental railroad in US.
1st national business, multi-managerial. VP.
needed to “tie together” east and west.
Andrew Carnegie
From Scotland. Carnegie Steel.
Vertical integration. (wants to own everything!)
Company towns
John D. Rockefeller
Standard Oil.
Horizontal integration (buying similar companies)
inventor of the trust (obtaining a monopoly without people being aware)
First to say “I plead the fifth”
J.P. Morgan/ US Steel
Flips businesses. Buys Carnegie Steel. Renamed US Steel. $500 million to 1st BILLION dollar corporation. (within 10 years)
USS Maine
US Destroyer sent to Cuba. US Maine blew up (due to gun powder near fire, but they blame the Cubans)
US enters Spanish-American War.
William Randolph Hearst
Newspaper man. Propaganda for USS Maine. telegram “You provide the picture, I’ll provide the war”
Kettle Hill and San Juan Hill
Roosevelt suppose to capture Kettle Hill. Joined with Buffalo soldiers and took San Juan. Shot 7 times, never hit. War hero.
William McKinley
President during Spanish-American War. Did not want to enter war. Called a coward by Roosevelt. Was persuaded by Christian ideals.
Was shot and T. Roosevelt was VP.
Roosevelt and Panama Canal
Panama owned by Columbia.
Major village: Darien. Because they can’t ship goods (because of jungle), they build canal but need help from US.
Roosevelt pays French without signing contract. Roosevelt breaks off relations after price raises.
Tomas Heran
Columbian ambassador that makes deal with Roosevelt.
Philippe Bunau-Varilla
Frenchman. Declared Panama independent. Ambassador to United States. Negotiates a canal zone.
Roosevelt Corollary
Reaffirmed commitment to Monroe Doctrine. (declared the Americas closed to European colonization)
Addition to MD.
US will deal with American nations that were guilty of chronic wrong doing.
established US as regional policemen.
Portsmouth Treaty
Roosevelt ended Russian-Japanese war by bringing leaders together.
Won noble peace prize. (first American ever)
Square Deal
Theodore Roosevelt. Honest day’s work, honest day’s wage.
UMW Strike
United mine workers. 5 month strike. Roosevelt brought them together and basically threatened to take over the mines. 9-10 hour shifts and 10% raise and promises of future raises. Miners promise productivity will go up. (law of diminishing returns)
Sherman Antitrust Act
Trust busting.
Trust illegal. Outlawed any conspiracy that restrained trade.
Was too vague in its wording.
Sinclair/”The Jungle”
Upton Sinclair. Book about urban city/meat packing industry. Lead to Meat Inspection Act and Pure Food and Drug Act.