Midterm 1 Study Guide Flashcards
DeToqueville’s description of American culture
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London Crystal Palace Exhibition
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Machine tool industry during Industrial Revolution
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Technological disequilibrium
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1826 Pennsylvania Mainline Canal decision
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Matthew Carey
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Risk culture during Industrial Revolution
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Role of transportation “revolution” in Industrial Revolution
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State and local subsidies for industrial development during Industrial Revolution
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Most important (in your view) market imperfections during Industrial Revolution (at least 2, interpretive)
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Role of the courts and the common law in the Industrial Revolution
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Sic utere tuo doctrine
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Legal response to the pollution of the “new manufacturing industries”
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Equitable theory of contract
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Will theory of contract
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Howard c. Dolittle (1854)
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Charles River Bridge case
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Master-apprentice system
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Merchant capitalism
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Putting out system
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Piece rate system
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New York auction system
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NYC’s “ready to wear” trade
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Anti-masonry
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Electoral reform in Rochester
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Sabbatarianism
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Charles Finney’s religious message
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Vertical integration
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Horizontal integration
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Three methods used by nineteenth century firms to achieve horizontal integration
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“Robber baron school” approach to explaining rise of big, vertically- and horizontally-integrated firms
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Chandlerian “new school” approach to explaining the rise of big, vertically- and horizontally-integrated firms
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Carnegie’s “apprenticeship” in railroad industry
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Management cost accounting in the railroad industry
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Woodruff Sleeping Car Company venture
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Keystone Bridge Company
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Keystone Telegraph Company
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Carnegie’a achievements as a bond salesman
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Most important keys to Carnegie’s success in finance (at least 3, interpretive)
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Most important keys to Carnegie’s success in iron and steel (at least 3, interpretive)
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Carnegie’s “worst species of idolatry”
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Carnegie’s “scoop the market” strategy
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Thomas Process
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Captain Bill Jones
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Alexander Holley
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William P. Shinn
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Homestead Strike
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J.D. Rockefeller’s business strategies
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Harper’s Weekly 1881 series on Newtown Creek
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Munn & Scott scandal
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Backlash against the railroads
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POTENTIAL LONG ESSAY: Paul E Johnson puts the Second Great Awakening at the heart of his analysis of the social and cultural dimensions of the Industrial Revolution. Summarize his argument regarding the causes and impacts of the religious revival in Rochester.
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POTENTIAL LONG ESSAY: Economists often assume that human beings are rational, utility maximizing economic actors who respond to market signals in rational, utility maximizing ways. What does this mean? How does Rosenberg incorporate this idea into his analysis of technological innovation in the 19th century?
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POTENTIAL LONG ESSAY: One of the most important aspects of the rise of big business was the growing integration of large manufacturing firms. “Old School” business historians like Matthew Josephson differ sharply from “New (Chandlerian) School” business historians (like Glenn Porter and Alfred Chandler) in how they explain the growth of big business in late nineteenth century America.
Define what is meant by vertical integration and horizontal integration.How do“Old School” historians explain why and how people like Carnegie and Rockefeller vertically and horizontally integrated their businesses during the late nineteenth century? How do the “New (Chandlerian) School” historians explain this?
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