Module 4 Flashcards
who was william randolph herst
prominent newspaper publisher in the late 1800s and early 1900s. His style of sensationalist journalism had a significant impact on public opinion.William Randolph Hearst was a significant figure in American media during the late 19th and early 20th centuries. He was known for his sensationalist style of journalism, often referred to as “yellow journalism”
What is Yellow Journalism? Who developed it? Why was it used?
Yellow Journalism is a style that uses sensationalism and exaggeration to attract readers. It was developed by newspaper publishers like William Randolph Hearst. It was used to sell more papers.
What contributed to the Transportation Revolution?
fueled by innovations like steamboats, canals, and railroads. These advancements made travel and trade quicker and more efficient.
Describe the Dynamic Principle of Mass Production? Who made their name by using this technique to attain great wealth for his company?
Was about making goods quick and cost effective. Henry Ford was someone that used this. It focouses on producing goods in large quanities, standardized parts, assemble lines.
Planned obsolescence
When a product is designed to break down ro encourage coustmers to keep going back to get it either fixed or a new model
Alfred Sloan, and how he and henery differd
He was the head of general motors. Henery Ford focoused more on uniform low cost cars while Sloan emphasized comfort, color and style. He came up with planned obsolescence.
Scientific revolution
16th and 17th century whwn new ideas in physics, astronomy, biology, and anatomy transformed society and nature
Ex’s in boom in mass communication
Printing Press (Johannes Gutenberg) Newspaper, Magazines, Radios
Ex’s of Revolution in Human Violence
Signifigant changes in when violence was used/procevied. Example gunpowder, close combat, atomic bombs.
Horatio Kitchener? What did he invent during the Boer War?
British military leader, He invented concentration camps
Andrew Carnegie?
Industrialist who helped lead the expansion of the american steel industry, known for philanthropy
Iron Law of Wages? Who developed it? Why is it significant? How did mobility or lack of mobility influence this idea?
Developed by David Ricardo, proposes that wages naturally gravitate twords a subsistence level. This is signifigant because it highlights the struggle between employers with cost and living conditions.
Where did most immigrants come from prior to 1890?
Northern and western europe (germany UK)
Who was Samuel Gompers?
American labor union leader, founder of federation of labor
American Federation of Labor? What type of workers did they advocate for? Did they help workers?
Founded by Samuel and represented skill workers and advocated for better wages, working conditions. They did help workers
bread and butter unionism
Improvements in pay, hours, working conditions
good and bad outcomes of the rise of corporations?
Led to industrial growth, job creation, increased goods. Badly tho there was wealth inequality, pollution
How did corporations attempt to defeat their competition or avoid it altogether? Provide examples and reasons for their use.
Strategies like mergers, and trusts eliminated competiton. For ex Standard oil’s aggressive acquistions. Allowed cooperations to dominate markets.
What election defeated Populism and led to the rise of a modern capitalistic state?
1896- William Mckinley wins
What are trusts? What was the most famous trust discussed in the lecture? Who founded it?
Trusts are large corporations that control entire industries by eliminating competition
Describe the changes that the modern corporation brought to American society. What were the good changes? The bad? Do you think the United States benefit from these changes? What about the American people?
Modern corporations transformed American society. They brought industrial growth and job creation, but also wealth inequality and worker exploitation. Overall, I believe the U.S. benefited from the economic growth, but it’s important to address the negative impacts too.
Define and provide a modern example of a pool or cartel provided from the class lecture.
It is an aggreement between buisniss to limit cometition and control prices. Modern example is OPEC
Who is John D. Rockefeller? What trust did he develop? How did the American government deal with his trust?
Oil man, created the standard oil trust. Gov breaks it up under the shearman antitruse act.
What is an oligopoly? Define the term. How does this term apply to the United States at the turn of the century?
oligopoly is a market dominated by a few firms.
