US History Chapter 16
Robber Barons
Derogatory name referring to capitalists who built industries and acquired great wealth.
Were aggressive, cost-and efficiency-conscious businessmen
Cornelius Vanderbilt
Pioneered in shipping through a ferry business
Controlled much of New York’s waterborne shipping
Later controlled waterborne shipping in much of Northeast and West
Started poor and became successful through hard work
James J. Hill
Built the Great Northern Railroad without any special privileges or finances fro the government
Market entrepreneur
Andrew Carnegie
Was a superintendent of the Pittsburgh division of the Pennsylvania Railroad
Began investing in steel
Founded Carnegie Steel and controlled every aspect of steel production from mine to markets
Became the largest steel company in the world
He was also a great philanthropist
Vertical Integration
When a company controls part of all segments of production of a good from raw material to finished product
John D. Rockefeller
America’s first billionaire and founder of Standard Oil Company
He was an honest administrator and was very efficient
Counter to popular belief he was very generous
Trust
Legal device by which a board of trustees was empowered to make decisions and control the operations of a whole group of companies
Horizontal Integration
Consolidation of all of one entire segment of an industry
New South
An economically revitalized south that developers, promoters, and businessmen hoped would revive the South and make it match the North as an economic force.
Would be built on the two T’s: tobacco and textiles
John Peirpont Morgan
Leading investment banker in America during the Gilded Age
Symbolized power and prestige at the top of America’s industrial pyramid
Pioneered in finance
Bought and sold stocks on a grand scale
Bought and consolidated many businesses
His biggest deal was the consolidation of much of the steel industry
Founded the United States Steel Corporation
United States Steel Corporation
Founded by John Peirpont Morgan
First billion dollar corporation
H.J. Heinz
Unbendingly honest food producer in Pittsburgh
Devout Methodist
Pioneered much of modern billboard and newspaper advertising, but refused for his products to be advertised on Sunday
Leader in producing bottled and canned foods
One of the only food producers to sell 100% pure products in clear bottles
Treated his employees very well
The H.J. Heinz Company never had a single strike during Heinz’s life
Alexander Graham Bell
Invented the telephone in 1876
Scottish immigrant who taught deaf people
Thomas Alva Edison
America’s most prolific inventor
Responsible for more than a thousand inventions in his life
Invented the phonograph, the motion-picture projector, and the incandescent light bulb
Roscoe Conkling
Controlled a notorious New York Republican political machine similar to Tammany Hall.
Controlled New York’s tariff-collecting agency, the Customs House, where New York politicians manipulated records and siphoned off money ballooning to the federal government
Stalwarts
Republicans that favored high tariffs, hard money, and the spoils system
Half-Breeds
Moderate Republicans that were dissatisfied with Grant, Radical Republicans, and Reconstruction
Tended to favor reform
James A. Garfield
A half-breed nominated for president for 1881 election
Won this election against Winfield S. Hancock
Was assassinated a few months after inauguration on July 2, 1881 by Charles J. Guiteau
Chester A. Arthur
Stalwart nominated for vice president for 1881 election
Won with Garfield in 1881 election
Became president after Garfield’s assassination
Mongrel Tariff
Reduced tariff from 20% to 25%
Many amendments from Congressman
Mixture of inharmonious policies
Failed to reform tariff
Clarified party positions on tariff issue
Pendleton Act
Established an independent Civil Service Commission and eliminated much of the spoils system
Civil Service Commission
Responsible for seeing that only men who scored will on examinations held offices
Grover Cleveland
Democratic presidential candidate for election of 1884
Opponent of Tammany Hall known for is honesty
Many Republicans known as Mugwumps supported him
Won a narrow victory against James G. Blaine
Interstate Commerce Act
Directed that railroad rates must be reasonable and just
Required that railroad companies publish all rates and make financial reports
Provided for the creation of the Interstate Commerce Commission (ICC), an independent regulatory agency, to investigate and stop alleged abuse
Benjamin Harrison
Republican candidate for election of 1888
Grandson of William Henry Harriosn
Won the election against Cleveland
Weak president
President during the Billion Dollar Congress because of liberal spending
Sherman Antitrust Act
Made the monopolizing of businesses illegal
Relatively ineffective until the passage of tougher federal regulations in the twentieth century
McKinley Tariff
Imposed higher duties on manufactured and agricultural imports than had any previous tariff in history, protecting American inefficiency
The high tariff lowered revenue and radically decreased trade
Reduced the Treasury’s reserves alarmingly
Voters demonstrated their anger at the tariff in the congressional election of 1890 giving the Democrats advantage in the House
Knights of Labor
Earliest significant labor union
Formed in 1869 as a secret society of skilled and unskilled workers from various occupations
Emerged as an effective force under the leadership of Terrance V. Powderly
Advocated 8 hour work days, laws prohibiting child labor, and equal pay for men and women
More conservative than the radical unions of Europe
American Federation of Labor (AFL)
Most enduring achievement of the AFL was the acceptance of the eight hour work day as a standard
Splinter group from the Knights of Labor
Formed craft unions for skilled laborers
Supported higher wages, shorter working hours, safer and cleaner working conditions, and elimination of child labors
Unions in the AFL did not oppose cold labor
Samuel Gompers
Led the American Federation of labor
Haymarket Riot
Most famous example of labor violence
Factory workers in Chicago agitated by anarchists went on strike and demanded an 8 hour work day
Bomb thrown into the crowd and killed seven policemen and four civilians
Discredited the Knights of Labor and ended the 8 hour movement for the time being
Homestead Strike
Strike that occurred after Carnegie’s assistant, Henry C. Frick proposed lowering the workers’ wages because of the use of new labor-saving machinery
After 5 months of striking the workers agreed to Frick’s proposal
Eugene V. Debs
Founder of the American Railway Union
Presidential candidate on the Socialist ticket
Led the Pullman Strike
The Pullman Strike
Precipitated by five successive wage reductions, totaling 25% in 1894. Though the reductions were due to the depression, rent on company houses and goods in company stores remained the same price
Workers retaliated by striking and the company withdrew the strikers credit from the company stores
Workers appealed to Debs’s American Railway Union
Boycott resulted in destroyed engines, cars, and equipment
Federal courts issued an injunction
Injunction
A court order
Socialism
Advocates government regulation or ownership of the means of production
Eugene V. Debs was a socialist
The Grange
Organization of protesting farmers
Began to be used as a means of confronting railroads
Made state regulations of railroads its chief goal and gained much support
As a result, several midwestern states passed Granger Laws (legislation regulating railroads)
Lacked organizational strength and declined in influence
Farmers’ Alliance
Agricultural reforms surged in the 1880s with this organization
United farm cooperatives across the country and looked to politics to meet demands such as railroad regulation, favorable currency policies, and antitrust laws
Populist Party
Formed from independent grassroots organizations that sprang up throughout the Midwest and eventually merged through the politics of discontent
Polled more than a million votes with their presidential candidate James B. Weaver in 1892
Issue that dominated the movement was currency policy
Wanted to make both silver and gold the dual standard for American currency
Free silver
The unlimited coinage of silver
William McKinley
Republican nominee of the election of 1896
Was a friend of the industrialists, a fitting candidate for the gold-standard, pro-tariff, and had a big business platform of the Republicans
Campaign
Stayed home and ran a front porch campaign
train loads of select audiences were given all-expense paid trips to see McKinley talk
Hundreds of speakers fanned out across the country to promote him
Won the election
William Jennings Bryan
Democratic candidate of the election of 1896
Called the “Great Commoner” because of his genuine sympathy for the common man
Was a remarkable political figure and fervent Christian
Campaign
Went on a whirlwind tour of the country
Make hundreds of stops and was seen by 5 million people
Lost the election
Urbanization
Many farmers moved to the city because the boom in manufacturing and service industries provided jobs for both the influx of immigrants and the farmers
Was filled with slum squalor, high crime, and dangerous diseases
New Immigration
A wave of immigrants different from those in the past
Many came from eastern European countries
Charles Darwin
Wrote the Origin of Species and created the theory of natural selection- Darwinism
Natural selection- a process through which all current species including man have supposedly struggled and evolved
The survival, development, and improvement of species depend on their ability to adapt to the changes of the world
Darwinism
Name given to the evolutionary theory that involves ‘natural selection’
Social Darwinism- the application of the evolutionary theory to social institutions
Chief proponent was Herbert Spencer
White supremacy
Reform Darwinism- human progress was best achieved through cooperation rather than competition
Chief proponent was Lester Frank Ward
Believed that man was inherently good
Mark Twain
Samuel Langhorne Clemens
Realism author
The Adventures of Huckleberry Finn and Life on the Mississippi
Realism
Contrasted the emotional, exotic character of romanticism
Drew a picture of simple, ordinary life
Naturalism
Emphasized man’s helplessness and struggle with the world
Stephen Crane
Used the Darwinism style of writing his his works, A Girl of the Streets and The Red Badge of Courage
Naturalist writer
Jack London
Wrote the Call of the Wild
Wrote from the naturalism perspective and portrayed the triumph of brute force over the cruel world
Materialism
The desire for worldly possessions and the belief that they can bring true happiness
Mass production and labor saving machinery provided more people with more things and more time to enjoy them
Became the philosophy of many Americans
Urban evangelism
The conducting of large, citywide campaigns in huge auditoriums or large churches in major cities
Dwight L. Moody
Leader of the urban evangelism movement
Method of speaking influenced by the business world
Was able to combine business practices and evangelism
Had informal, but orderly services that were carefully planned and organized
Fanny Crosby
The most prolific hymn writer in history
Sam Jones
“The Moody of the South”
Methodist preacher that spoke in a direct and blunt manner