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Corporations
Formed by a group of investors, each receiving proportional ownership.
U.S. economy shift
Shifted from farming (agrarian) to industrial/manufacturing.
New inventions
Took place in transportation, industry, and communication.
Andrew Carnegie
This man's story is one of success through hard work and lucky breaks.
Sherman Antitrust Act
Landmark legislation declaring private monopolies and restrictions on trade were wrong.
Thomas Edison
Invented the electric light/moving picture.
Trust
A group of companies managed by a single board of directors to control prices and limit competition.
Horizontal integration
Buying out competitors to control the oil market.
Social Darwinism
The belief that only the strongest businesses and people survive, similar to natural selection.
Henry Bessemer
Developed a method to produce cheap steel.
John D. Rockefeller
Gained a monopoly of all U.S. oil refineries.
Railroad system
The single biggest factor in American industrial expansion.
Pullman workers strike
Because wages were cut but rents in company housing stayed the same.
Injunction
A court order requiring people to stop doing something (like striking).
Immigrants after 1815
An increasing number were from Northern and Western Europe (Ireland, Germany, England).
Immigrants after 1885
An increasing number were from Southern and Eastern Europe (Italy, Poland, Russia).
Major railroad strike year
1877.
Noble Knights of Labor
An early labor union that included skilled and unskilled workers, women, and minorities.
Depression of 1873
Caused business failures, unemployment, and strikes.
Samuel Gompers
Founder of the American Federation of Labor (AFL) — focused on better wages and working conditions.
Popular ethnic neighborhoods
Examples include Little Italy, Chinatown, etc.
Resistance to immigrants
Caused by job competition, cultural differences, and nativism.
American Protective Association
Protested against Catholic immigrants.
Chinese immigrants
Faced a great deal of discrimination in the West.
College curriculums change
More focus on science, engineering, and practical subjects (not just religion and classics).
Mark Twain's stories
About corruption, greed, and the flaws of society (e.g., The Gilded Age, Huckleberry Finn).
Realism
An attempt to show life as it really was, not idealized.
Yellow Journalism
Exaggerated or sensationalized news to attract readers.
Election of 1884 theme
Corruption and honesty in government.
Protective tariff
Believed by Democrats to be unfair based on supply and demand.
Defended tariff
Republicans defended it as a way to help U.S. industry.
Public education reforms
Included compulsory attendance, more high schools, and teacher training.
Gilded Age characterization
A time of wealth and corruption, where riches covered up social problems.
Political machines
Organizations that controlled local politics through bribes, votes, and favors (e.g., Tammany Hall).
Lobbyists
People paid to represent a company or special interest group.
Civil Service Commission power
Power to give government jobs based on merit (not political connections).
Inflation
When the value of money declines.
Granger laws
State laws regulating railroad and grain elevator rates to help farmers.
Munn v. Illinois
Upheld states' rights to regulate businesses that affect public interest.
Wabash v. Illinois
Said only the federal government could regulate interstate commerce.