Test 3/22 Questions Flashcards
What is laissez faire economics?
Society runs the free market
How did the US change post civil war?
Slavery was banned
What were the results of big business?
Trusts were broken up and some of the largest tycoons of business were arrested.
How did Pop. increase effect cities?
Cities were run down, many people were in tenements, and there was waste on the streets. Many were poor.
What were the goals of forming holding companies?
Doesn’t engage with other businesses; made to reduce taxes; owns another companies stock.
Who were the nativists?
Political Party who was against western expansion and against Catholicism
Know Nothing goals?
Promised to purify / end limit the influence of irish catholics and other immigrants; like the nativists.
Response to Industrialization?
Showed that BB tycoons were controlling the economy
how did the supreme court case of munn v illinois impact industrialization?
was a watershed in the struggle for public regulation of private enterprise. Later court decisions, however, sharply curtailed the government’s power to regulate business.
Purpose of the ICC?
Institution to ensure that crimes against humanity and mass atrocities do not occur
How did the wabush case impact regulation?
The Wabash case barred states from regulating interstate commerce, asserting that only the federal government could do so. In 1887, Congress passed the Interstate Commerce Act, which railroad barons found more appealing than the more restrictive state laws.
Survival of the Fittest
The ability to compete with other companies and rise to the top of the “food chain”.
Describe the immigration mov’t in america
Most immigrants came from northern and western europe, 3.5 to 9 million immigrants in the first decade. New Immigrants, natives of Southern and Eastern Europe. the first part of the 19th century and from the 1880s to 1920. Many immigrants came to America seeking greater economic opportunity,
How are the knights of Labor and the american federation
Both unions were interested in making life better for workers.
What are bread and butter issues?
providing a livelihood or basic source of income; supplying the basic needs of life
