History Mid-Term Flashcards
Companies combined to limit competition
Trusts
Company’s avoidance of middlemen by producing its own supplies and providing for distribution of its product
Vertical Integrations
The process by which a corporation acquires or merges with its competitors
Horizontal Expansion
Known as captains of industry, Gilded-Age industrial figures who inspired both admiration and innovation
Robber Barons
Large farms that covered thousands of acres and employed hundreds of wage laborers in the West
Bonanza Farms
Most famous battle of the Great Sioux War; took place in 1876 in the Montana Territory; combined Sioux and Cheyenne warriors massacred a vastly outnumbered U.S. Cavalry commanded by Lieutenant Colonel George Armstrong Custer.
Battle of Little Bighorn
Broke up tribal holdings into small farms for Indian families, with the remainder sold to white purchasers
Dawes Act
A spiritual and political movement among Native Americans whose followers performed a ______ intended to connect the living with the dead
Ghost Dance
Last incident of the Indian Wars; it took place in 1890 in the Dakota Territory, where the U.S. Cavalry killed over 200 Sioux
Wounded Knee Massacre
The popular but derogatory name for the period from the end of the Civil War to the turn of the century, after the title of the novel by Mark Twain
The Gilded Age
Policy where the value of a dollar is set at a fixed price in terms of gold
Gold Standard
Law that established the Civil Service Commission and marked the end of the spoils system
Civil Service Act of 1883
Organization established by congress, in reaction to Wabash Railroad v. Illinois. Curbed abuses in the railroad industry by regulating rates
Interstate Commerce Commission
The first law to restrict monopolistic trusts and business combinations
Sherman Antitrust Act
Application of Charles Darwin’s theory of natural selection to society; used the concept of the “survival of the fittest” to justify class distinctions and to explain poverty.
Social Darwinism
A series of demonstrations, held nationwide in support of striking railroad workers who refused to work due to wage cuts
Great Railroad Strike