Andrew Carnegie
Carnegie was able to parlay his job with the Pennsylvania Railroad and aid his boss. As a result, he received stocks from the company. He then diversified his investments across many industries.
Carnegie used vertical integration in order to dominate the steel industry.
Carnegie believed in giving back to society, helping the poor.
John D. Rockefeller
He dominated the oil industry and used horizontal integration tdo this.
Horizontal Integration
Buying out the competition to create a monopoly, to eventually control the prices of the industry.
Verticals Integration
Buying out the means of production to eventually be able to control the prices of the industry
Monopolies
Corporations that gain complete control of the production of a single good or service.
Trusts
Firms or corporations that combine for the purpose of reducing competition and controlling prices (establishing a monopoly).
Pool Arrangement
Agreements among competitors to divide markets and forbid price cutting. As early as the 1870s, pools were formed to divide markets, fix production quotas, and set prices.
Limited Liability
Financial responsibility of business owners only for what they invested in a business.
For example, if a business gets sued, and you invested $1,000 into that business, you can only lose $1,000. You cannot be sued for more.
Taylorism
Rise of the middle managers. Essentially, the idea was that if there were more managers watching smaller groups of workers, there would be an increase in efficiency.
Mass Production
Process of making large quantities of a product quickly and cheaply.
J.P. Morgan
An influential banker and businessman who bought and reorganized companies. His US Steel company would buy Carnegie steel and become the largest business in the world in 1901
Cornelius Vanderbilt
A railroad owner who built a railway connecting Chicago and New York. He was a shipping and railroad tycoon.
Captains of Industry
Wealthy industrialists who believed they were the captain of the industry, however, most Americans saw them as robber barons.
This included Rockefeller, Carnegie, Morgan, and Vanderbilt.
Robber Barron
Sometimes used ruthless tactics to destroy competition and keep worker wages low.
Jacob Riis
Wrote "How the Other Half Lives". This depicted the living conditions of the urban poor, mainly immigrant slums.
City Bosses
Heads of political machines. They were corrupt wealthy men that used their power over workers to gain political power.
Municipal Corruption
Abuse of entrusted authority, bribery, embezzlement, fraud, nepotism, and other forms of illicit activities that undermine the integrity and effectiveness of local governance.
Clothing Industry's 19th Century Boom
This is because of investments that were happening at the time as the population and technology grew.
Theodore Dreiser
American naturalist who wrote The Financier and The Titan. Like Riis, he helped reveal the poor conditions people in the slums faced and influenced reforms.
Boss Rule
Political bosses provided welfare for poor immigrants in exchange for political support.
Goal of the Political Machine
Garner votes for the parties in thier districts.
Reason for Decline in City Death Rates
Improved labor laws led to this decrease.
Edward Bellamy
Insisted that freedom was a social condition resting on interdependence, not autonomy. He defined nationalism as government control and distribution of economic resources.
Stalwarts
A faction of the Republican Party that advocated for the civil rights of African-Americans. They were in favor of political machines and spoils system-style patronage
Half-Breeds
They were in favor of civil service reform and a merit system.
Sherman Antitrust Act
An act which prohibits activities that restrict interstate commerce and competition in the marketplace. It outlaws any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade.
McKinley Tariff
1890 tariff that raised protective tariff levels by nearly 50%, making them the highest tariffs on imports in the United States history. They increased the tariff on food and essentials.
Interstate Commerce Act
Established the ICC (Interstate Commerce Commission) in 1887, which monitored the business operation of carriers transporting goods and people between states. It was created in an attempt to ensure that railroads charged farmers and merchants reasonable prices to transport their goods while preventing favorable shipping.
The Grangers
Established cooperatives for storing grain. They hoped to hold their product while waiting for carriers to take their product at a fair price.
Pendelton Civil Service Act
Workers for the government had to take a civil service exam for job placement.
Ganger Laws (Wabash Case)
Supreme court ruled that the Granger Laws were unconstitutional because state regulation of freight rates was an attempt to control interstate commerce, which was the job of Congress.
Knights Of Labor
Organized workers of all skill levels to improve social conditions. members included anyone who "toiled" or worked with their hands including African Americans, women, men, but no Asians.
Samuel Gompers
The AFL's founder and long-time president. He believed that Unions should not seek economic independence or form independent parties in hopes of achieving power in government. he argues that they should devote themselves to negotiating with employers for higher wages and better working conditions for its members.
Unions
An organized association of workers formed to protect and further their rights and interests.
Collective Bargaining
Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions.
Laissez-Faire Economics
An economic philosophy of free-market capitalism that opposes government intervention. It argues that economic success is inhibited when governments are involved in business and markets.
David Ricardo (Economic Theory of Wages)
Theorized that wages "naturally" tended towards a minimum level corresponding to the subsistence needs of the workers.
Cattle Drives
Ranchers used the plains to feed cattle because public land was free to use. This occurred in Texas, Kansas, Wyoming, and Oklahoma.
Ghost Dance
A religious revivalist campaign reminiscent of the pan-Indian movements led by earlier prophets like Neolin and Tenskwatawa.
Wounded Knee
December 29l 18890, soldiers opened fire on Ghost Dancers encamped on Wounded Knee Creek in South Dakota. About 150-200 Indians (Mostly women and children) were killed.
Dawes Severalty Act
The U.S. government broke up Native lands into smaller parcels and distributed it to Native families with the remainder being auctioned off to white purchasers.
Natives who received the land had to live on it for a certain amount of years (~20 years) before it became theirs, far longer than what their white counterparts had to wait (~5 years).
This led to the loss of land and Indian cultural traditions.
Homestead Act
Encourages white settlements in the West, damaging the Native populations and cultures.
Growth of Railroads
This was the single most important agent of economic growth during the Gilded Age. They facilitated the speedy transportation of raw materials and finished goods from coast to coast.
Steel Industry
An example of big business that was made possible by Captain of Industry Andrew Carnegie. It helped fuel industrialism in America and the manufacturing center was Pittsburgh.
Social Darwinism
The idea of natural superiority of some groups to others. This was used to explain the success and failure of individuals and social classes. Darwinists believed that the government shouldn't interfere in this natural process where corporations which were more adapted to their environment thrived.
Large Corporations Undermining Labor
The people believed that large corporations made workers worse by training them in only one specific skill. They also used cutthroat tactics in order to destory the competition.
Reason Americans Opposed Large Corporations and Misuse of Power
They believed the captains of industry of financial trickery, such as cornering and watering stock, and of political corruption and the bribing of legislatures
How Americans felt about Unions in the 1870s
Most Americans did not view striking union workers favorably. Many Americans saw the strikes as disruptive and threatening to the stability of the economy. The strikes often led to violence and clashes with law enforcement, which further contributed to negative public perceptions. Business owners, in particular, viewed the strikes as challenges to their authority and profits.
Hardship of American Laborers
Working conditions were often dangerous where the laborers didn't have many rights are safeties. many in the lower class also lived in poor conditions like in Tenement Slums.
Effects of Pool Arrangements
Eliminated the irregularity and wastefulness of unregulated markets.
Reason Labor Struggled to make Gains in the late 1800s
Low wages. As companies grew larger in the late 1800s, the owners of the companies lost contact with the people who worked for them. The owners of big factories would often never know most of the people who worked for them.
Reason Why People Moved to the Cities.
The rapid growth of the manufacturing industry created a great need for unskilled workers, drawing people in because of the chance for opportunity.
The Way that the Housing Shortage was Dealt With.
Tenement slums were built for the poor urban workers.
Great Civic Projects
The Way Immigrants Tended to Survive in the U.S. The Types of Jobs they Held.
Coxey's Army
Called for creating jobs for the unemployed. This stemmed from a severe depression beginning in 1893, which led to an increased conflict between capital and labor.
Reason Farmers Called for "Free and Unlimited Coinage of Silver"
They believed it would increase the amount of currency, decrease the values of debt, inflate the currency, and raise farm prices.
Republicans believed in gold as the "honest" currency.
Civil War Pensions
federal government gave annual pensions for Union Civil War veterans who had retired; Reformers hoped to have it backed by something more permanent (Money).
William McKinley
Republicans nominated him as he appealed to the Northern protestants, the middle class, freed slaves, and "Old Stock Citizens".
He was elected in 1896 (Seen as the first modern presidential election). his victory shattered the political stalemate that persisted since 1876 and created one of the most enduring political majorities in American history.
McKinley was also influential in America's imperialism as he justified U.S. intervention in the Philippines on the grounds that its aim was to "uplift and civilize and Christianize" the Filipinos.
Dingley Tariff
Passed in 1897, it was an act to provide revenue for the government and to encourage the industries of the United States.
It was the longest-lasting tariff in U.S. history. It was also the highest in US history.
William Jennings Bryon
1896, both Democrats and Populists joined to support him for presidency. He called for free silver, condemned the gold standard (It was too high), and championed a government helping ordinary Americans (Socialist ideology)
"Cross of Gold Speech"
An address given by Bryan, the Democratic presidential nominee criticizing the gold standard and supporting the coinage of silver. His beliefs were popular with debt-ridden farmers.
Eugene Debs
A socialist who was the leader of the Pullman Strike of 1894. They were jailed in this strike.
Mary Lease
Part of the populist movement who engaged the energies of thousands of reform-minded women with farm and labor backgrounds.
Democratic-Republicans
Advocated an expansive, protectionist government that promoted economic development and the moral welfare of the state.
Democrats
Promoted social programs, labor unions, consumer protection, workplace safety regulation, equal opportunity, disability rights, racial equity, regulations against environmental pollution, and criminal justice reform.
Populism
Embraced modern technologies (Railroad, telegraphs, and the national market) and pushed for the federal government to regulate them in the public interest.
Farmer's Alliance
The largest citizens' movement of the 19th century. Farmers sought to remedy their poor condition. This party would later evolve to be the populist party.
American Federation of Labor (AFL)
A labor union founded by Samuel Gompers which focused mainly on unskilled workers.
AFL sought tangible economic gains, such as higher wages, shorter hours, and better working conditions.
Homestead Strike.
In Pennsylvania, Carnegie Steel used Pinkerton Security to break the strike (Known as Scabs). The public opinion of unions is positive.
Pullman Strike
In Chicago Pullman cut wages, but refused to lower rents in the "company town". Eugene Debs head of the American Railway Union refuse to use Pullman cars, Debs thrown in jail after being sued, the strike achieved nothing.
Chinese Exclusion Act
Barred Chinese from entering the U.S. It was the first time the U.S. banned an entire group of people based on race.
The Gentlemen's Agreement
Agreement when Japan agreed to curb the number of workers coming to the US and in exchange Roosevelt agreed to allow the wives of the Japanese men already living in the US to join them. Japan did this because they didn't want to face the same outcome as the Chinese.
Platt Amendment
The U.S. could intervene with the military when they saw fit in Cuba.
Jones Act
This act promised Philippine independence. They were given freedom in 1917, but their economy grew as a satellite of the U.S., Filipino independence was not realized for 30 years.
Open Door Policy
Called for free trade and less influence in China. most nations declined the policy.
Newspapers of Pulitzer and Hearst
The Yellow press was led by William Randolph Hearst and Joseph Pulitzer that created sensationalized accounts of crime, political corruption, and expansionism to appeal to patriotic sentiments.
Philippine War between 1898 and 1902
Many believed that American participation in the destruction of Spanish rile would lead to social reform and political self-government.
Emilio Aguinaldo led a fight against Spanish and American colonialism.
The McKinley Administration justified U.S. intervention in the Philippines on the grounds that its aim was to "uplift and civilize and Christianize" the Filipinos.
Emilio Aguinaldo
Led the fight against Spanish and American colonialism.
National American Women's Suffrage Association
Led by Carrie Chapman-Catt. They called for suffrage for women to counter the "ignorant foreign vote".
Booker T. Washington
He emphasized vocational education over political equality. He urged blacks to not try to combat segregation. Because of this, whites tended to side with Brooker.
Plessy vs. Ferguson
The Supreme court gave its approval to state laws requiring separate facilities for blacks and whites as long as the facilities were equal.
White Supremacy in the South after Reconstruction
As the most disadvantaged rural southerners, black farmers suffered the most from the region's condition. Blacks owned less land in 19000 than they had at the end of Reconstruction.
Herbert Spencer
English philosopher and sociologist who applied the theory of natural selection to human societies.
Jane Addams
The founder of Hull House in Chicago, which provided housing for poor immigrants.
Efforts to limit African-American Citizenship
Numerous poor and illiterate whites lost the right to vote: Poll tax, literacy tests, property requirements, and grandfather clause.
Reasons anti-imperialists were opposed to the U.S. acquisition of an empire.
Anti-imperialist league argued that empire was incompatible with democracy. This was led by Carnegie, Grover Cleveland, and Mark Twain.
Spanish-American War
U.S. went to war with Spain to win Cuba's liberty and freedom. In the Teller Amendment, the U.S. declared they had no intention of annexing Cuba.
Admiral George Dewey defeated a Spanish fleet at Manila Bay.
Rough Riders took San Juan Hill in Cuba.
In the treaty with Spain ending the war, the U.S. acquired the Philippines, Puerto Rico and the Pacific Island of Guam.
Muckrackers
Journalists who wrote about corruption in business and politics in order to bring about reform.