A | B |
Andrew Carnegie | Owner of U.S. Steel; used vertical integration |
John Rockefeller | Owner of Standard Oil; used horizontal integration |
Sherman Anti-Trust Act | law designed to stop monopolies |
Social Darwinism | “Survival of Fittest” approach used by Robber Barons |
Trust | buying competing businesses & running them together |
Monopoly | getting rid of all competition |
Vertical Integration | owning every step in making 1 single product |
Horizontal Integration | owning all competing businesses of the same type |
Knights of Labor | labor union that accepted any & all workers |
American Federation of Labor | labor union that only wanted skilled workers |
Haymarket Riot | Strike where bomb kills police; Public turns against Unions |
Homestead Strike | Strike where Henry Frick hires Pinkertons to break the strike |
Great Strike of 1877 | 1st major strike; involved Baltimore & Ohio Railroad |
Collective Bargaining | workers uniting to have larger voice & representation |
Strike | refusing to work in order to get improvements |
Gilded Age | term describing “false” appearance of the US |
“Old” Immigrants | before 1880; came from Western Europe |
“New” Immigrants | workers after 1880; came from Southern & Eastern Europe |
Urbanization | growing of cities due to rise in immigration |
Ellis Island | major processing station for immigrants in New York |
Chinese Exclusion Act | law created to keep Asian immigration down |
Jane Addams | lady who creates Hull House settlement house |
Alexander Graham Bell | creates telephone |
Thomas Edison | creates first light bulb at Menlo Park; General Electric |
J.P. Morgan | Robber Baron banker who bought Carnegie Steel |