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Andrew Carnegie
Industrial titan known for using vertical integration in the steel industry.
John D. Rockefeller
Founder of the Standard Oil Trust, utilized horizontal integration to monopolize the oil industry.
Laissez-Faire Capitalism
Economic theory advocating minimal government interference in business.
Social Darwinism
Herbert Spencer’s theory that business success is a result of 'survival of the fittest'.
Gospel of Wealth
Carnegie's belief that the rich have a moral obligation to use their wealth for the public good.
Interstate Commerce Act
1887 law aimed at regulating railroads, but weakly enforced.
Sherman Antitrust Act
1890 law that outlawed monopolies restricting trade, often misused against labor unions.
Knights of Labor
Labor union led by Terence Powderly, open to all workers but declined after the Haymarket Riot.
American Federation of Labor (AFL)
Union founded in 1886 focusing on skilled workers' rights and 'bread and butter' issues.
Great Railroad Strike
First nationwide strike in 1877, suppressed by federal troops.
Homestead Strike
1892 violent clash at Carnegie Steel between workers and Pinkerton detectives.
Chinese Exclusion Act
1882 legislation that restricted immigration based on race and nationality.
Pendleton Act
1883 law establishing civil service exams to reduce political patronage.
Populist Party
Political party that emerged in 1892 advocating for bimetallism and other reforms.
'Cross of Gold' speech
William Jennings Bryan's speech advocating for free silver during the 1896 election.
Philanthropy
Carnegie's preferred method of using wealth to help society during one's life.
Lincoln's Second Inaugural Address
Speech emphasizing reconciliation and moral responsibility as the Civil War neared its end.
Malice Toward None
Lincoln's call for forgiveness and unity following the Civil War.