Robber Baron
Captains of Industries who have obtained large amounts of wealth through unethical monopolies
John Chism
Owns lots of water and Grazing rights, cattle baron, involved in Lincoln County war,
Cattle Industry
Post war cattle boom, cowboys took cattle north to sell for more money, caused disputes known as Range Wars between ranchers and farmers because of grazing rights
Progressive Belifes
Government makes society better/fixes society. During this era it was a response to industrialization
Sherman anti-trust act
it was made to try and dilute Robber Barons and monopoly owners by outlawing agreements between businesses and force them to compete while prohibiting one corporation to own a whole industry.
Jim crow laws
enforce segregation "separate but equal"
Billy the kid
William Bonnie, became a criminal at the age of 14 criminal, killed by sheriff Garett at the age of 21
Reasons for prohibition
thought it would cause less crime, create fewer factor accidents, and overall have less violence.
Lincoln county war
Began after murder of John Tunstall, involved Billy the Kid, the war ended but created rivals and led to later violence
Describe horizontal integration
When a company that distributes a product pays for other companies in the same industry to supply, create, transport, ect. the product being sold.
Gospel of wealth
wealth is a sign of God's blessings; you should share and help those who want to be helped
Butch Cassidy and the Sundance Kid
Robbed banks with dynamite fled to Bolivia where they got cause and were killed
What is the meaning behind the name of the Gilded age
From the outside it looks prosperous and valuable but on the inside, there was many faults and was nowhere near perfect
describe vertical integration
When company controls multiple stages of the supply chain from which its products are manufactured
upply chain which its products are manufactured by
Political Machine and give an example of one
an organized party led by a "boss" who had the power/influence to control politics, elections, and other government issues in exchange for votes.
Ex: Boss Tweed in Tammany Hall
Laissez faire econimics
"Let it be", thought that the market will regulate itself but does not account for monopolies.
Earp Brothers
Frontier lawmen, famous for Gunfight at O.K. corral with Doc Holiday in Arizona
Impact of railroads on the American Economy.
It helped with trade (cattle boom) and economic growth, and it provided jobs while being built, connected the U.S. so much quicker and easier to travel and cost the same
what is the difference between market and political entrepreneurs
they are both wealthy and successful, but market entrepreneurs built their businesses through competitive enjoinments and superior products, and political entrepreneurs used bribery and influence government officials to gain superiority money
The Jungle
A book by Upton Sinclair about the horrific working conditions in the U.S. and it led to the creation of the F.D.A.
Social Darwanism
People who are born unfit should die and the fit should not help them survive
Eugene Debbs
Leader for U.S. communist; ran for president 5-6 times.
What was the Plassey vs. Fergusson case and why was it important
Plessy sat in a "whites-only" train arguing it was against the 13th and 14th amendment to force him off he was then arrested and it led to the supreme court ruling that legalized segregation in the south ("separate but Equal")
Describe American consumerism during this era
It caused a shift from hand made to factory mass production this industrial revolution made goods cheaper and more accessible, and started a trend of visible spending used to show status leading to different stereotypes of social class
what are the 16th 17th and 19th amendments
16th: Gives congress authority to control federal tax income
17th: direct popular election of senators
19th: Prohibits denying citizens the right to vote