Gilded Age Flashcards

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1
Q

Robber Barons

A

wealthy industrialists who practiced exploitation and did anything to be rich

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2
Q

Cornelius Vanderbilt

A

robber baron of the railroad

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3
Q

John D. Rockefeller

A

wealthiest man in history, robber baron of oil

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4
Q

Andrew Carnegie

A

robber baron of steel

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5
Q

JP Morgan

A

robber baron of banking and electricity

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6
Q

Laissez Faire

A

French term to prevent the government from interfering with economic affairs

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7
Q

Monopoly

A

when one business dominates an industry and destroys competition

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8
Q

Trust

A

a mechanism by which one company grants control over its operations, through ownership of its stock, to another company

when one company owns a multitude of other smaller ones

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9
Q

Sherman Anti-Trust Act

A

A federal law that committed the American govt. to opposing monopolies. It prohibited contracts, combinations, and conspiracies in restraint of trade (outlawed trust and monopolies)

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10
Q

Horatio Alger

A

New England ex-pastor who began his literary career in 1866, wrote 100 books of fiction where virtue and honest and industry were rewarded with success, wealth, and honor.

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11
Q

Social Darwinism

A

survival of the fittest

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12
Q

Granges

A

farmer’s union

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13
Q

Populist Party

A

party of farmers and laborers that wanted direct election of senators

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14
Q

Interstate Commerce Commission

A

govt. agency that established to regulate the railroad

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15
Q

Public Utility

A

a privately owned business that’s govt. regulated

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16
Q

American Federation of Laborers

A

led by Samuel Gompers for skilled workers

17
Q

Industrial Workers of the World

A

union for unskilled workers led by Bill Haywood

18
Q

lockout

A

closing a factory or workplace to prevent workers from going to work and planning

19
Q

scab

A

workers who replaced those who went on strike

20
Q

Collective Bargaining

A

when owners and union workers negotiate conditions for employment

21
Q

Yellow Dog Contract

A

a contract with owners to never join a union

22
Q

Blacklist

A

list of people who owners won’t hire

23
Q

inventions Edison made

A

light bulb, motion picture camera, phonograph, microphone, hollywood

24
Q

graham bell invention

A

telephone

25
Q

bessemer invention

A

steel made from open hearth furnaces

26
Q

sholes invention

A

typewriter

27
Q

what jobs did most women have?

A

secretaries and operators