Gilded Age Industrialism
This process can lead to monopoly if a company captures the vast majority of the market for that product or service.
What is Horizontal Integration?
He formed the first trust, The Standard Oil Company in 1882.
Who is John D. Rockefeller?
These control the majority of market share in their industry or sector with little to no competition, which, depending on the situation, can be good or bad.
What is a Monopoly?
This company created and owned a company called Credit Mobilier that was to supply materials and labor.
What is the Union Pacific Railroad Company?
A business leader whose means of amassing a personal fortune contributed positively to the country in some way.
What is a captain of industry?
This started with raw materials to transportation, manufacturing, and distribution, the company controls every aspect of its economic process.
What is Vertical Integration?
This person worked with Andrew Carnegie and was the leader of the Homestead Strike.
Who is Henry Frick?
A person who has become rich through ruthless and unscrupulous business practices.
What is a robber baron?
When the Union Pacific Railroad Company went bankrupt, this company tried to divert attention from the scandalous co-ownership of the companies by giving congressmen shares of its valuable stock that paid dividends of as much as 348%.
What is the Credit Mobilier company?
The idea that human groups and races are subject to the same laws of natural selection, but applied to societal aspects such as sociology, economics and politics.
What is Social Darwinism?
In 1877, as part of a congressional bargain to elect a Republican as president following the disputed 1876 presidential election, federal troops were withdrawn from the three states where they remained.
What is the end of reconstruction in the south?
This person bought Carnegie Steel for around $480 million dollars, making Andrew Carnegie one of the richest men in the world.
Who is J.P. Morgan?
He became known as the “trust-busting” president because he strongly believed in the government regulation of business so that healthy competition could take place.
Who is Theodore Roosevelt?
This person started the Whiskey Ring Scandal.
Who is John McDonald?
Carnegie’s way of thinking that avowed that economic inequality was necessary and good for the world as he saw it.
What is Tycoon Medievalism?
American agricultural productivity allowed it to remain the world’s greatest agricultural economy while it became this.
What is the world's largest industrial producer?
American business magnate who built his wealth in railroads and shipping
Who is Cornelius Vanderbilt?
Passed by congress in 1890 this act prohibited trusts and combinations that restrained trade.
What is the Sherman Antitrust Act?
Government officials would only report 75% of the gallons of liquor sold and keep the taxes of the remaining 25%.
What is the Whiskey Ring Scandal?
This book marked the beginning of this time period.
What is The Gilded Age?
This came quickly after the end of the Civil War.
What is the rapid rise of American industry?
These people wrote in The Gilded Age.
Who is Mark Twain and Charles Dudley Warner?
A business leader whose means of amassing a personal fortune contributed positively to the country in some way.
What is a captain of industry?
This person is credited for breaking up the Whiskey Ring by employing a team of investigators that were not involved with the government.
Who is Benjamin Bristow?
He championed the cause of public sanitation, creating schools of public health at Johns Hopkins and Harvard, and helped lead major international public-health efforts against hookworm, malaria, yellow fever, and other maladies.
Who is John D Rockefeller?