| A | B |
|---|
| Social Darwinism | only fit will survive life in business |
| Horizontal Consolidation | company owns one stage of production |
| Vertical Consolidation | company owns all stages of production |
| Andrew Carnegie | Son of poor Scottish immigrants invested in Bessemer steel-making machine |
| Andrew Carnegie 2 | formed Carnegie Steel Company; sold to JP Morgan in 1901 for $400 million |
| Andrew Carnegie 3 | Before he died in 1919, gave away over $350 million to provide 2,500 free public libraries |
| John D. Rockefeller | in 1870, associates organized Standard Oil Company of Ohio |
| John D. Rockefeller 2 | Also began to control railroads |
| John D. Rockefeller 3 | 1882 started Standard Oil Trust |
| JP Morgan | started General Electric; worth $22 billion in assets |
| National Labor Union | formed in Baltimore after CW |
| Haymarket Square Chicago, IL 1886 | protest for 8 hour work day; fight btw workers and scabs |
| Scabs | workers that would work for the others on strike |
| Homestead, Pennsylvania 1892 | Factory workers strike over pay cut; AFL helps |
| Pullman Strike 1894 | Sherman Antitrust Act to get a court order to forbid Union activity on RR |
| 1902 Anthracite Coal Strike | 50,000 United mine workers demanding 10 to 20 % raise |
| 1902 Anthracite Coal Strike | Prez Roosevelt calls UMW and coal operators to White House for mtg. Results in raise in pay |
