Rojas test second quarter

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41 Terms

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Andrew Carnegie

Industrial leader in steel; used vertical integration; promoted the Gospel of Wealth; major philanthropist who funded libraries and universities.

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Cornelius Vanderbilt

Railroad and shipping magnate; consolidated rail lines; improved efficiency and corporate structure; one of the richest Gilded Age figures.

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J.P. Morgan

Powerful banker; organized major mergers like U.S. Steel and GE; loaned money to the U.S. government; symbol of big finance's influence.

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John D. Rockefeller

Founder of Standard Oil; used horizontal consolidation to dominate oil refining; created the first major trust; major philanthropist later in life.

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Horizontal Consolidation

Buying out or merging with competitors in the same industry to increase market share, often leading to monopolies.

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Vertical Integration

Controlling every step of production from raw materials to distribution, increasing efficiency and lowering costs.

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Monopoly

A single company that controls an entire industry, eliminating competition and potentially raising prices.

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Merger

When companies combine into one to reduce competition or increase efficiency.

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Trusts

Groups of corporations controlled by one board, used to hide monopolistic practices during the Gilded Age.

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Gilded Age

Late 1800s period of industrial growth, wealth, corruption, and a large gap between rich and poor; 'gilded' means shiny outside, corrupt inside.

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Sherman Anti-Trust Act

First federal law against monopolies; weak at first but later used to break up trusts; sometimes misused against unions.

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Clayton Anti-Trust Act

Strengthened the Sherman Act; banned unfair business practices; protected labor unions from being classified as trusts.

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Unions

Worker organizations fighting for better wages, hours, and conditions; formed in response to unsafe industrial labor.

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Great Strike of 1877

First major nationwide railroad strike caused by wage cuts; federal troops intervened after violence.

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Haymarket Square

1886 labor rally in Chicago; a bomb killed police and civilians; unions were blamed, hurting the labor movement.

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Pullman Strike

1894 nationwide railroad strike due to wage cuts; led by Eugene Debs; federal troops broke the strike, showing government support for business.

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Yellow Dog Contracts

Employment agreements where workers promised not to join unions; used to suppress organizing.

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I.W.W. (Industrial Workers of the World)

Radical union ('Wobblies') that welcomed all workers and aimed to overthrow capitalism through direct action.

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Eugene Debs

Leader of the American Railway Union; led the Pullman Strike; later became a prominent Socialist presidential candidate.

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Samuel Gompers

Founder of the AFL; focused on skilled workers and practical improvements like wages and hours.

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Knights of Labor

Early union open to all workers; demanded broad reforms like 8-hour days; declined after being blamed for Haymarket.

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Tenements

Overcrowded, unsafe apartments housing poor immigrants; associated with disease and poor sanitation.

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Settlement Houses

Community centers in poor areas helping immigrants with education, English classes, and childcare.

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Jane Addams

Founder of Hull House; major Progressive reformer involved in social work, child labor laws, and women's rights.

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Muckrakers

Journalists who exposed corruption and social problems; key figures include Upton Sinclair, Ida Tarbell, and Jacob Riis.

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Jacob Riis

Muckraker who exposed tenement life through How the Other Half Lives; pushed for housing reform.

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Americanization

Movement to assimilate immigrants by teaching English and American customs; sometimes criticized for erasing cultures.

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Theodore Roosevelt

Progressive president and 'trust-buster'; supported conservation and consumer protection.

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Square Deal

Roosevelt's domestic policy focusing on controlling corporations, protecting consumers, and conserving natural resources.

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Pure Food and Drug Act

Required accurate food labels and safety standards; inspired by Upton Sinclair's The Jungle.

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Upton Sinclair

Author of The Jungle; exposed unsanitary meatpacking conditions; influenced food safety laws.

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Woodrow Wilson

Progressive president; created the Federal Reserve; promoted antitrust reforms and New Freedom policies.

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New Freedom

Wilson's plan to break up monopolies, lower tariffs, and strengthen banking and antitrust laws.

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Initiative

Process that allows citizens to propose laws directly through petitions.

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Referendum

Process where citizens vote directly on laws passed by legislators.

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The Grange and the Populists

Farmer movements fighting railroad abuses and economic inequality; Populists supported silver coinage, direct senator elections, and income tax; many ideas later adopted by Progressives.

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Booker T. Washington

African American leader who supported vocational training and gradual economic progress for equality.

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Susan B. Anthony

Leader of the women's suffrage movement; helped pave the way for the 19th Amendment.

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Assembly Line

Production method where each worker performs one specific task as a product moves down a line; greatly increased efficiency and lowered costs; popularized by Henry Ford in automobile manufacturing.

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17th Amendment

Constitutional amendment (1913) that allowed citizens to directly elect U.S. senators instead of state legislatures choosing them; increased democracy and reduced corruption.

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Social Darwinism

Belief that "survival of the fittest" applies to society and business; used by wealthy industrialists to justify monopolies, inequality, and lack of government regulation.