General Flashcards
Provide specific example of laissez faire economic policy that promoted big business during the Gilded Age
The Morrill Tariff of 1861 protected American industries from foreign competition and encouraged domestic production + big businesses
What technological innovations helped big business in the 19th century?
The development of the Bessemer process which revolutionized steel production by reducing costs and increasing production speed
What removal act was done by Jackson?
Indian Removal Act of 1830 which led to the Trail of Tears where thousands of Cherokee and other tribes were forcibly relocated
Transcontinental Railroad
Completed in 1869, it linked the eastern U.S. rail network with California, which dramatically reduced travel time and boosted commerce + settlement
What was a Gilded Age reform?
The establishment of labor unions such as the American Federation of Labor which sought better wages, hours, and working conditions
What economic diversification occurred in the “New South”
The establishment of textile mills throughout the Piedmont region
What social adjustments occurred in the “New South”
Jim Crow Laws
Who did Vertical Integration and who did Horizontal Integration?
Vertical: Andrew Carnegie who took charge of the entire stage of the industrial process, from raw materials to distribution when it came to the steel industry
Horizontal: John D. Rockefeller, who consolidated many firms in the same businesses Standard Oil by acquiring other oil refineries and businesses involved in the same stage of production, which was refiing oil into usable products
Besides Removal Act, how else did Westward expansion displace Indians?
The near-extinction of the buffalo, a central resource for the Plains Indians, due to commercial hunting and as a way to subdue the tribes, devastated Native economies and ways of lice, forcing many to depend on government supplies and settlements
What technological innovations occurred during the First Industrial Revolution (late 18th to early 19th century)?
The steam engine, mechanized manufacturing processes primarily in textile production
What technological innovations occurred during the Second Industrial Revolution?
Electrical power generation and distribution, the internal combustion engine, as well as the automobile, airplane, and telephone
Explain the Missouri Compromise
Missouri was admitted as a slave state, Maine was admitted as a free state, and slavery was prohibited in all remaining territories acquired from the Louisiana Purchase north of the 36, 30 latitude line
Temporarily eased tensions but geographic restriction on slavery set a precedent that increased regional tensions
Kansas-Nebraska Act of 1854
Proposed to facilitate the building of a transcontinental railroad and encourage westward expansion by repealing the Missouri o promise and allowing territories of Kansas and Nebraska to decide issue based on popular sovereignty
Led to violent confrontations in Kansas between pro-slavery and anti-slavery settlers (Bleeding Kansas)
What was Jackson’s thing about tariffs
Nullification Crisis in 1832-1833 where South Carolina driven by complaints about unfavorable tariffs tried to nullify federal tariffs and threatened secession, Jackson threatened military force if it did not comply
Market Revolution technologies
Led to major changes in transportation through canals and railroads, the telegraph, and agriculture (mechanization such as cotton gin and steel plow)