1/37
American Pageant 17th Edition
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
Post–Civil War industrial expansion -
Rapid growth of U.S. industry following the Civil War.
Expansion of railroads –
Building and linking of rail lines across the country, enabling faster transport.
Transcontinental railroad (1869) –
Railroad connecting the east and west coasts, completed at Promontory Summit, Utah.
Federal land grants to railroads –
Government gave land to railroad companies to encourage construction.
Standardized time zones –
System introduced to coordinate railroad schedules nationwide.
Railroad consolidation –
Combining smaller railroads into larger companies for efficiency and control.
Jay Gould –
Notorious railroad speculator known for financial manipulation.
Cornelius Vanderbilt –
Railroad tycoon who expanded and modernized rail networks.
Railroad corruption –
Practices like bribery, price-fixing, and favoritism to increase profits.
Stock watering –
Inflating a company’s value dishonestly to sell stock at higher prices.
Interstate Commerce Act (1887) –
Law regulating railroads to prevent unfair practices.
Interstate Commerce Commission (ICC) –
First federal agency created to enforce railroad regulations.
Mechanization –
Use of machinery to replace manual labor in production.
Mass production –
Large-scale manufacturing using standardized parts.
Interchangeable parts –
Identical parts that can replace each other, enabling faster assembly.
Corporations –
Large businesses owned by stockholders with legal recognition.
Trusts –
Legal arrangements where multiple companies are managed as a single entity to limit competition.
Horizontal integration –
Merging companies at the same production stage to control a market.
Vertical integration –
Controlling all stages of production from raw materials to sales.
Andrew Carnegie –
Steel industry leader who used vertical integration to build U.S. Steel.
Bessemer process –
Method of producing steel efficiently and cheaply.
U.S. Steel –
Carnegie’s steel company; first billion-dollar corporation in the U.S.
John D. Rockefeller –
Oil tycoon and founder of Standard Oil.
Standard Oil –
Rockefeller’s company that became a dominant monopoly in oil refining.
Social Darwinism –
Idea that only the strongest businesses or individuals survive economically.
Herbert Spencer –
Philosopher who applied Darwin’s ideas to society and business.
Gospel of Wealth –
Carnegie’s belief that the rich should use their wealth for the public good.
Philanthropy –
Donation of money or resources to benefit society.
Sherman Antitrust Act (1890) –
Law aimed at breaking up monopolies and promoting competition.
Southern industrialization –
Effort to build factories and industries in the postwar South.
Textile mills in the South –
Factories producing cloth, a key part of Southern industry growth.
Impact of industrialization on workers –
Harsh conditions, long hours, low wages, and unsafe workplaces.
Labor unions –
Organizations formed to protect workers’ rights and improve conditions.
Knights of Labor –
Inclusive labor organization open to most workers, active in the late 19th century.
Haymarket Square Riot (1886) –
Violent clash during a labor protest in Chicago that hurt the labor movement.
Decline of the Knights of Labor –
Loss of influence after violent strikes and internal problems.
American Federation of Labor (AFL) –
Labor organization focused on skilled workers and practical gains.
Samuel Gompers –
Leader of the AFL who emphasized collective bargaining and strikes for better conditions.