us history

dawes severalty act

broke up communal tribal land into individual plots for native americans

social darwinism

survival of the fittest the strong wealthy were more superior than the poor weak

battle of little bighorn

natives won they were ready for the us. custer and nearly all of his men died

battle of wounded knee

us won demanded natives surrender and give up their weapons. us outnumbered the natives

laissez faire

little gov intervention/interference and believe free markets self regulate through supply and demand

vertical integration

acquiring companies at different stages of the production process (suppliers or distributors)

horizontal integration

acquiring or merging with competitors or similar businesses at the same stage of the value chain

cornelius vanderbilt

richest and most powerful of the railroad magnates

james “big jim” fisk

flashy schemer who took control of the gold market and the eerie railroad; shot to death by a romantic rival

j.p. morgan

the nations most powerful banker, his bank was named after him

john d. rockefeller

man who controlled the nations oil industry through his monopoly, standard oil

jay gould

co-schemer in the eerie railroad and gold market scandals; went on to own the Union Pacific Railroad and Western Union

andrew carnegie

man who controlled the nation’s steel industry through the company named after him

chinese exclusion act

chinese weren’t allowed to immigrate to america

homestead act

offered subsidies in the form of land grants to railroads by giving free land to the settlers

sherman antitrust act

banned monopolies and unfair business from trade

interstate commerce

regulated railroads rates and practices