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What is a stock?
A share of ownership in a company
What is a corporation?
A legal entity led by a board of directors
What is monopoly?
A company or group of companies that has complete control over a field
What is a trust?
A group of corps that come together and combine
What is an assembly line and who used it the most with cars?
A series of workers doing specific parts of assembly to make a product / Henry Ford
Industrialization vs urbanization?
Industrialization - agr → machine
Urbanization - migrating from agricultural/rural to urban/city
What is Laissez-faire and why was it a bad thing?
The government was hands-off on the economy. This allowed companies to form monopolies, allowing them to alone control an entire industry.
What is Social Darwinism?
A theory that business and wealth is merely survival of the fittest. Blamed poor people for their own poverty
Urbanization positives / negatives
Positives -new transportation, new architecture museums, parks, theaters, and an increase in newspapers/magazines
Negatives - overcrowded, unsanitary, slums, crime, disease and political corruption
Bessemer Process?
A process that would make mass amounts of steel from molten rock
How The Other Half Lives? - who wrote it and why?
Jacob Riis took pictures of slum life to bring attention to it to richer people
Tenements?
Highly overcrowded, dirty homes the working class lived in
The 3 social classes during the Industrial Revolution?
Working class - largest, poor, lived in tenements, primarily worked in factories
Middle class - doctors, lawyers, office workers, lived in better housing, more money and free time
Upper class - entrepreneurs, lived in large mansions or elegant buildings, sometimes gave $ to charity
Roosevelt’s three Cs for his Square Deal?
Control of Corporations - he wants to eliminate bad trusts and monitor good trusts
Consumer Protection - protect the public from harmful meats and medicine
Conservation of Natural Resources - created national parks, forests and protected monuments
Americans who pursued expansion focussed on what 3 main areas of the world?
Latin America
Islands in the Pacific (i.e. Hawaii)
China & Japan
What is the Roosevelt Corollary?
Extension of Western Hemisphere protection from the Monroe Doctrine, allows US to intervene in Latin American affairs. Made the US a “national police force”
Why was the Panama Canal made?
To get across the Atlantic and Pacific Ocean quicker
4 causes of the Great Depression?
Overproduction
Underconsumption
Buying on margin
Unequal distraction of wealth
What prompted the US to join WWI?
Leaked Telegram
Unrestricted Marine Warfare
What is Manifest Destiny?
“God-given” destiny to spread US culture across the continent
Dollar Diplomacy
US froeign policy that supported private investments overseas, bringing America’s prestige and stability to other countries
What is NATO?
North Atlantic Treaty Organization, mutual defense 15 nations between Canada and Turkey. Made to stop the spread of communism
What is the court-packing law?
Proposed by Franklin Roosevelt, this law would’ve added 6 Supreme Court Judges. He wanted this to increase support for his New Deal programs
Organizing the Berlin airlift, implementing the Marshall Plan, and fighting the Korean War were early events in a US attempt to stop the spread of communism, named…
containment
Why didn’t the US join the League of Nations?
People were scared it would involve the US in future world conflicts
Why did the US join WWiI?
Japan’s attack on Pearl Harbor - we ignored Germany’s conquest throughout Europe
What were Internment Camps?
Confinement camps Japanese-Americans were forced into by Roosevelt’s Executive Order
What is rugged individualism?
An idea used by Hoover that “individuals can overcome the challenges themselves”
What was the first war the UN helped fight?
Korean War
What is totalitarianism?
When one person has total control over the government
How did the US respond to the Berlin blockade?
They airlifted food and supplies into Berlin
What is fascism?
A government system characterized by strict social and economic control
What marked the end of the Great Depression?
America’s entry into WWII, opening new factories to serve the armed forces
Korematsu vs United States?
Upheld the constitutionality of containing the Japanese, argued it was allowed based on “military necessity”
What is Operation Barbarossa?
Nazi invaded the Soviet Union, breaking their peace pact. Failed due to the cold winters
What marked the start of the Space Race between the US and Russia?
The Sputnik satellite
6 rich people, their industries and philanthropies
Andrew Carnegie – steel industry, made schools and libraries
J.P. Morgan – banking, museum of Art
Cornelius Vanderbilt – railroads & shipping, vanderbilt University in Nashville
John Rockefeller – Standard Oil, public health, philanthropy
Jay Gould (Robber) – railroad & finance speculator
James Fisk (Robber) – smugger, railroads
4 maim muckrakers and what they exposed?
Ida Tarbell – writer, exposed Rockefeller
Upton Sinclair – writer, meat packing industry
Jacob Riis – photographer, exposed slum life
Lucretia Mott – one of the people who assisted Susan B Anthony
What 5 areas did the progressives aim to reform?
Government - more power for the voters, led to 16th-19th amendment
Muckrackers - exposed problems in society
Women’s Rights - wanted rights to vote for women (Elizabeth Cady Stanton)
Temperance - wanted to ban alcohol, led to 18th amendment
Minorities - aimed to stop racism
What were the 16th, 17th, 18th and 19th amendments?
16 - federal income tax
17 - senator elected by people instead of stage legislators
18 - ban manufacturing, sale and transport of alcohol
19 - women’s suffrage
Two countries the US imperialized?
Hawaii, Philippines
Why did the US imperialize?
Ideological - “cultural destiny”
Economic - make money
Political - desire for power
Religious - spread Christianity
What was the spark behind WWI and WWIII?
WWI - assassination of Archduke Franz Ferdinand
WWII - invasion of Poland by Germany
5 punishments for Germany in the Treaty of Versailles?
Germany must accept blame
Had to pay $33.4 billion
Shrunk army, six naval ships, no tanks or air ships
Land was taken from Germany
Couldn’t join League of Nations
What was the Warsaw Pact?
Alliance between Soviet Union and Eastern-Europe satellite states to defend against NATO
What were the Numbering Trials?
13 trials where the Allies persecuted Germany officials for their war crimes. First time people were persecuted for crimes against humanity