Unit 5 More Cards Flashcards

1
Q

Edwin Drake

A

Steam powered drill- First successful oil well drilled in Titusville, Pensilvania

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2
Q

Proprietorship/Partnership

A

Early 1800s businesses owned by single person/family, personally responsible for obligations and debts

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3
Q

Laissez-Faire

A

“Leave it be”, economic policy of gov’t which stresses no interference in business

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4
Q

Sherman Anti-Trust Act

A

outlawed any trust that (outlawed monopolistic business practices) “restrained trade and commerce among the states”, difficult to enforce, court decisions usually favored business

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5
Q

Knights of Labor

A

All races, genders, unskilled workers; promoted equal pay for all; strike as last resort- Terrance Powderly.

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6
Q

American Federation of Labor

A

Organized by Samuel Gompers; United skilled craft unions, collective bargaining- strikes used as tactic to create change.

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7
Q

American Railway Union

A

Eugene Debs; all workers in one industry regardless of job type (in terre haute, Indiana)

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8
Q

Haymarket Sqaure Riot

A

Chicago; protest of McCormick reaper works employees; bomb blast kills policemen. 8 labor leaders tried and convicted without evidence; public begins to view labor movement and unions as violent

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9
Q

Homestead Mill Strike

A

Steelworkers strike for shorter hours, higher wages, Carnegie’s manager hires cabs and calls in Pinkerton Agency ‘detectives’; national guard sent to reopen mill and establish order; Union loses support after several months on strike

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10
Q

Pullman Strike

A

Workers on strike reduced wages, company does NOT lower rent and prices. Strikes by RR workers shuts down rail systems across U.S. U.S government sent in troops to end strikes. Shows gov’t sides with business over labor; shows, power of nationwide unions

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11
Q

Steam Engine

A

James Watt; steam power first used to power factory machinery but later used for transportation

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12
Q

Steamboat

A

Robert Fulton; made travel possible upriver

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13
Q

Steam Locomotive

A

Invented in England, but will give Americans the power to travel over most areas of land

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14
Q

Street Cars

A

Later powered by overhead electrical wires and riding on rails

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15
Q

Cable cars

A

Passenger cars that attacked to a steam-driver moving cable below the street surface were pulled by the cable along the street; especially useful in cities with hills that were difficult for horses to climb

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16
Q

Subways

A

Below ground passenger trains to reduce crowding on the stress above; moving from one area of a large city to another became much faster and easier

17
Q

What is a trust?

A

legal relationship in which the owner of property gives it to another person or entity who must keep and use it solely for another’s benefit.