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► US History > Industrialization Quiz 3 > Flashcards

Industrialization Quiz 3 Flashcards

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1
Q

What did Alexander Grahm Bell do?

A

invented telephone in 1876

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2
Q

What did Thomas Edison do?

A

“Wizard of Menlo Park”

versitile but known for electric light bulb

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3
Q

What did J P Morgan do?

A

Banker/Financer
Orchestrated deals in RR, insurance, and banking
Bought Carneige’s steel operation for $400 million
Started US Steel Company
Greedy

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4
Q

What did John Rockefeller do?

A

Standard Oil Company 1882
Horizontal integration
crushed competitors

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5
Q

Who was Andrew Carneige?

A

Poor irish immigrant who lived in Pittsburg and worked for a steel company
By 1900, he produced 1/4 Bessuer steel and made $25 million
Vertical Integration

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6
Q

What did Cornelious Vanderbuilt do?

A

Created NY Central RR

very successful

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7
Q

What is vertical integratio?

A

Bought out and controlled all aspects of industry

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8
Q

What is horizontal integration?

A

allied or bought companies to monopolize

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9
Q

What is a uion?

A

unity of common thinkers (strength in #s)

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10
Q

What is the Bessemer Process?

A

produce steel cheaper and economically

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11
Q

What is the internal combustion engine?

A

Petroleum based engine to run planes and cars

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12
Q

What is Gospel of Wealth?

A

newly rich should give money to poor to help society

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13
Q

What is plutocrocy?

A

government by the wealthy

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14
Q

What is interlocking directorates?

A

creaded by Rockefeller

placed his own men on the board of directors at other companies to gain influence and reduce competiton

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15
Q

What are trusts?

A

monopoly corporation

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16
Q

What is Labor Day?

A

created to keep strikes under control in 1884

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17
Q

What are ironclad oaths?

A

workers were banned from joining unions

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18
Q

What are yellow day contacts?

A

workers were banned from joining unions

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19
Q

What was the Haymarket bombing?

A

1886

explosion in Chicago that hurt Knights of Labor

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20
Q

What is hte Sherman Anti Trust Act?

A

forbade combinations (pools, trusts, directorates) in restraint to trade without any distinciton whether or not they were good or bad

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21
Q

What is the National Labor Union?

A

1886
excluded chinese, women, and blacks
argued for 8 hour workdays

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22
Q

What was the Knights of Labor

A 
1869-1881
Secret union
simular to National Labor Unions
it only barred liquor dealers, bankers, professional gamblers, lawyers, and stock holders
advocated social and economical reform
won strikes for 8 hour wrok days
Led by Powderly
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23
Q

What was the American Federation of Labor?

A

self governing nations; each kept their independence
1866
Samuel Gompers founded it

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24
Q

What was the Pittsburg Plus?

A

designed by steel lords

kept the south at an economic disadvantage in the steel industry

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25
Q

What was Closed shop?

A

emplorers agree to only hire Union members

Members must remain in Union to keep their jobs

26
Q

What was the Colored Labor Union?

A

Black labor organization in 1860s

27
Q

What is a Captain of Industry?

A

Positively impacted Industrial Rev

28
Q

What is a Robber Baron?

A

Negatively impacted industrial rev

29
Q

CR: Andrew Carneige donating most of his money to fund libaries, schools, and employees?

A

C

30
Q

CR: JP Morgan posititvely enhancing the US steel to compete globally

A

C

31
Q

CR: Carnegie and Frick dectectives to protect strikers. Ten men were killed and hundreds were injured

A

R

32
Q

CR: J P Morgan loaned $65 mill to gold to safeguard the collaps of the government

A

C

33
Q

CR: Vanderbuilt cut shipping rates to the point other competition was cut off

A

C

34
Q

CR:Hill donated seed, grain, and cattle to farmers who were affected by depression

A

C

35
Q

CR: Rockefeller often resorted to using spies and extortion to influence rr to work in his gavor by offering him kickbacks and rebates that were dienied to his competitiors

A

R

36
Q

In 1869, Gould and Fish cornered the gold market by briibing US treasury secretary to drive up price of gold

A

R

37
Q

By 1890, 75% of US wealth was held by the richest 9%

A

C

38
Q

Between 1860-1890, the US patent office issued over 400,000 patents

A

C

39
Q

Which Industry was considered a catalyst of economic growt during the Gilded Age?

A

RR

40
Q

What was the population of Chicago and NYC in 1900?

A

1,700,000

3,000,000

41
Q

What year was Birmingham AL founded?

A

1871

42
Q

What industry was Birmingham built on?

A

steel

43
Q

How were workers treated during the Gilded Age?

A

Forbiden to strike
paid low wages
forced to work long hours
working conditions were bad

44
Q

What were some methods used by buisness men to create monopolies nd increase profits?

A

manipulating stock market
bribing politicians and officials
cheating stock holders
ruining competition

45
Q

What industry did Carnegie control?

A

Steel

46
Q

What industry did Gould control?

A

RR

47
Q

What industry did Rockefeller control?

A

Oil

48
Q

What industry did Morgan control?

A

Banking

49
Q

What was the Gilded Age?

A

post civil war era

50
Q

what is a catalyst?

A

speed up purposly

51
Q

wwhat is a dynmo?

A

electric generator

52
Q

What is unscrupulous?

A

not having moral or ethnic standards

53
Q

What is recession?

A

economic depression

54
Q

What is gross nationl product (GNP)

A

the total monetary value of all final goods and service produced in a company for one year

55
Q

What is a entrepreneur?

A

Busness founder

56
Q

What is a trust?

A

a group that gets together to monopolize

57
Q

When does the Civil War end?

A

1865

58
Q

When was Standard Oil founded?

A

1870

59
Q

When did Edison invent the light bulb?

A

1879

60
Q

When was the Interstate Commerce Act passed?

A

1887

61
Q

When was the Homestead Strike?

A

1892

► US History (46 decks)

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