progressive era Flashcards
mark twain
author who coined the term gilded age
booker t washington
believed african americans should focus on economic goals over political ones
andrew carnegie
steel tycoon, gospel of wealth and helped fund public libraries
herbert spencer
applied darwin’s theory of evolution to society (social darwinism)
john d rockefeller
standard oil
lester frank ward
dynamic sociology and reform darwinism (gov could cure poverty, etc)
jp morgan
railroad trusts and us steel
william jennings bryan
populism and free silver
cornelius vanderbilt
purchased railroads and built grand central in nyc
william tweed
ledaer of political machine
tariff
tax on imports or exports
lockouts
temporary work stoppage or denial of employment initiated by the management of a company during a labor dispute
greenbacks
paper currency issued during the civil war
corporations
is an independent legal entity owned by shareholders.
inflation
loss of the value of money
stock
money available for investment or trading
bonds
a note issued by the government that promises to pay off a loan with interest
monopoly
total control of a type of industry by one company or person
holding company
a company whose primary business is controlling a share of stock in another company
cooperatives
a store where farmers buy and sell products from eachother
trust
a combination of firms by a legal agreement
mortgages
not paying entire cost up front
chain store
when a company owns many different stores selling the same product
interest rates
the proportion of a loan that is charged as interest to the borrower
deflation
increase in the value of money
arbitration
mediation by a third party
trade union
an organization of workers with the same trade or skill
strike
stoppage of work by employees to demand better conditions
blacklist
a list of disapproved persons
closed shop
an agreement in which a company agrees to only hire union members
laissez faire
government sholdnt interfere w economy
interstate commerce commission
regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies.
political machine
political organization that gave people necessities in return for votes/power