Industrial American: Corporations and Conflicts Flashcards
Management Revolution
Executives were no longer responsible for day-to-day operations. Developed efficient systems
Vertical Integration
Company controlled all production from raw material to finished good
Gustavus Swift
Worked in meat industry (cattle slaughter houses), created vertical integration, and used aggressive tactics like predatory pricing.
Horizontal Integration
Merge competitors into one mega company
Trust
Small group of people hold stock from combined firms and manage them as a single company.
Deskilling of Labor
Relied less on skilled labor (more on technology or assembly line).
Mass Production
Mechanized production, produce many at once.
Scientific Management
Manual labor should not require any thinking, only managers should do that.
Chinese Exclusion Act
(1882-1943) Prevented Chinese laborers (and almost all women) from entering America.
Great Railroad Strike of 1877
Workers walk off to protest wage cut in Great Depression, gets major support, and US creates National Guard to respond/keep order at home.
Green Back Labor Party
Wanted to protect votes, make work safe, cut out middlemen, and print more money.
Producerism
True “top” of society is the laborers. Everyone else benefits on their hard work.
Granger Laws
Economic regulations passed between 1875 and 1880.
Knights of Labor
Labor union of garment workers, thought workers should have control over the place they worked. Open to race and gender (other than Chinese). Leaders wanted to avoid strikes, but they helped the movement.
Anarchism
Advocacy of state-less/lawless society.