Economics
Idea that government should play as small a role as possible in economic affairs.
What is Laissez-Faire?
Tragic event in New York City when 146 people (mostly young women) were killed in a factory fire
What is the Triangle Shirtwaist Factory Fire?
Believed in giving his money back under his "Gospel of Wealth" policy
Who is Andrew Carnegie?
A policy of extending a countries power and influence through diplomacy and military force.
What is Imperialism?
Multifamily apartments, usually dark and crowded
What are Tenements?
A combination of firms or corporations formed by a legal agreement, especially to reduce competition.
What are trusts?
1862 law that gave 160 acres of land to citizens willing to live on and cultivate it for five years. Did not work as well for the Native Americans :(
What is the Homestead act?
Perhaps the most famous example of an industrialist who achieved almost complete horizontal integration.
Who is Rockefeller?
the use of lurid features and sensationalized news in newspaper publishing to attract readers and increase circulation. How colorful!
Yellow Journalism
One Weapon that was used to put Boss Tweed was this man's cartoons
Who is Thomas Nast?
These fueled economic growth in the US by taxing imports, better buy American
Protective Tariffs
political party headquarters in NY City and a powerful faction of the Democratic Party during this time
What is Tammany Hall?
A name given to company owners such as Carnegie and Rockefeller by people who believed they steered the economy into prosperity
What are Captains of Industry?
Teddy Roosevelt led his group of rough riders in what famous battle?
San-Juan Hill
Wrote The Jungle to expose horrendous working conditions in the meatpacking industry.
The book and ensuing public outcry led to the passing of the Meat Inspection Act and the Pure Food and Drug Act.
Who is Upton Sinclair?
"...a drunkard in the gutter is just where he ought to be..."
This quote is reminiscent of this Gilded Age philosophy that Charles actually disapproved of.
What is Social Darwinism?
New York politician that ran a political machine in New York City beginning in 1869, during the Gilded Age, he was incredibly corrupt.
For example, a projected cost of $250,000 for a courthouse turned in to $13,000,000 because of kickbacks and bribes.
Who is Boss Tweed?
Carnegie is well known process for eliminating middlemen in order to control all factors of production.
What is Vertical Integration?
Colombia just hit got hit with this, Roosevelt's foreign policy! That has got to hurt!
What is big stick diplomacy?
They spent years investigating the underhanded rise of oilman John D. Rockefeller.
Their 19-part series, also published in McClure in 1902, led to the breakup of Rockefeller’s monopoly, the Standard Oil Company
Who is Ida Tarbell?
Congressional action taken in 1890, during the Gilded Age, that made "contracts, conspiracies, and combinations" that restrained free trade illegal. This was done to stop the abusive practices of organized trusts in oil, sugar, tobacco.
What is the Sherman Antitrust Act?
Involving overcharging for railroad construction this was known as the king of all frauds.
What is The Credit Mobilier Scandal?
He executed a hostile takeover of rival railroad companies and built grand central station to house his trains
Who is Cornelius Vanderbilt?
What transportation system allowed the spread of civilization to the West?
What are Railroads?
These organizations were formed by groups of workers to protect the workers' safety and increase wages.
Labor Unions