Unit 1 Exam Ch. 18 and 19A Flashcards

1
Q

Andrew Carnegie (good and bad about him)

A

He was a philanthropist but his employees underpaid, long hours, dangerous conditions.

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2
Q

Famous banker Tycoon

A

JP Morgan

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3
Q

The start of Big Business/What were those aspects of big business

A

bureaucracy, large corporations, new technology, capital investments, entrepreneurs.

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4
Q

What was the name of Rockerfeller’s company

A

Standard Oil Trust

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5
Q

what is nativism?

A

discrimination by native born of new immigrants/hated them, would steal from them, did not want them to succeed.

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6
Q

Burgess model of population around the city/shape?

A

centric ring pattern (from inner: CBD central business district, factories, tenements (poor workers), middle class, upper class.)

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7
Q

First skyscraper and when, where?

A

Home Insurance Bldg, 1885, Chicago

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8
Q

Which reformer wrote “How the Other Half Lives” and when?

A

Jacob Riis, 1889

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9
Q

Aspects of a bureaucracy

A

impersonal, hierarchy, rules to follow, multi-levels of management

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10
Q

What city was and is the nation’s transportation hub

A

Chicago

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11
Q

Explain regional specialization

A

raw materials in the west sent to industrial complex in the NE.

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12
Q

What is the industrial complex and where

A

where goods from the west are sent to be processed and traded. In the NE.

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13
Q

What did the new industrial cities offer people

A

employment opportunities, pools of capital and labor, markets to sell goods.

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14
Q

Who were the “new immigrants”

A

Foreign born from southern and eastern Europe (jews, pols, russians, italians) - 1901-1910 (discriminated against for darker skin and poor)

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15
Q

What company did Standard Oil Trust eventually become?

A

Exxon Mobile

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16
Q

what did some people call these new tycoons (slur)

A

robber barons

17
Q

What was the new frontier?

A

The city

18
Q

Who was the first billionaire and how did he make his fortune?

A

John D. Rockerfeller/Oil refining (bought many refineries/controlled business by refining)

19
Q

What is morganization

A

merging companies for efficiency as condition of lending money. Larger companies and more profits.

20
Q

What is the second innovation of Andrew Carnegie?

A

Vertical integration: handle raw materials, manufacturing using Bessemer process, and distribution to railroads. (controlled the whole process/brings price down from 67 to 17 a ton).

21
Q

How many workers in the US died between 1880-1900

A

35,000 workers

22
Q

who were “old immigrants”

A

From North and Western Europe/from England, Germany, Scandinavia - 1881-1890

23
Q

First steel tycoon

A

Andrew Carnegie

24
Q

First Big Business

A

Railroads (steam engines)

25
Q

What became the first billion dollar company? Bought from Carnegie by who, and for how much?

A

US Steel Company/bought by JP Morgan for $440 mil.

26
Q

What is the Bessemer process and how efficient was it/who utilized it?

A

Converts iron into steel-15 minutes to make one rail as opposed to 2 days prior to that? Andrew Carnegie used it.

27
Q

Years of Northern urbanization

A

1870-1900

28
Q

What company became the first monopoly

A

Standard Oil Trust

29
Q

When did steel production spike

A

WWI-1914-military use (battle ships and tanks)

30
Q

What is the name of the first famous union

A

AFL (American Federation of Labor)

31
Q

Who did the American Federation of Labor help

A

Skilled, native born workers

32
Q

First Tycoon and what he produced

A

Cornelius Vanderbilt/Railroad tycoon (1st)

33
Q

Years of Northern Industrialization

A

1860-1890

34
Q

Vanderbilt famous quote

A

“The public be damned”