The Gilded Age in the US to 1914 Flashcards
1
Q
Economic Boom
A
- After Civil War
- 2nd Industrial Revolution
- 33% worlds industrial outputs within USA
- Tariffs
2
Q
Closing the Frontier
A
1890
• US Census stated frontier had broken up in west • Oklahoma - last land for natives - settlers came in - negative impact on Indigenous • Wounded Knee Massacre - 1890 - US Military vs. Lakota Sioux Indians - 300 killed
3
Q
Robber Barons
A
- Wealthy elites
- Economic power
- Used questionable ways to get wealth
4
Q
Robber Barons
John D. Rockefeller
A
1839-1919
• Made money from oil company
5
Q
Robber Barons
Andrew Carnegie
A
1835-1919
- Led big expansion of steel industry
- Was a janitor - largest company in the world
6
Q
Robber Barons
JP Morgan
A
- Banking
- Bailed out American Gov. twice
- People feared his power
7
Q
Sherman Anti-Trust Act
A
1890
- Federal Act that outlawed monopolistic business practices
- Passed, but didn’t do anything