Big Business/
Labor Unions
Labor Unions
This was the philosophy held during the Gilded Age about the free market with no government regulation.
What is laissez faire?
When a single company controls an entire market.
What is a monopoly?
The term to describe immigrants that come from Eastern or Southern Europe, in which many were Catholic, Jewish, and did not speak English as their native language.
What is New Immigrant?
The corruption of this political machine was exposed by Thomas Nast's political cartoons.
What is the Tweed Ring or Tammany Hall?
The light bulb was invented by ______ and the telephone was invented by _______. (Correct order)
Who are Edison and Bell?
This business & business owner used ruthless tactics and eliminated all of its competition through horizontal integration. Name both.
What is Standard Oil & Rockefeller?
Does not produce anything. Owns stock of other companies.
What is a holding company?
What are tenement houses?
This act called for civil service exams after the assassination of a POTUS.
What is the Pendleton Act?
This process allowed steel to be produced cheaper and stronger.
What is the Bessemer Process?
The explanation that businessmen and others who were economically and socially successful were so because they were biologically and socially “naturally” the fittest.
What is Social Darwinism?
Controlling one phase of a product’s development
What is horizontal integration?
Led the settlement house movement with Hull House in Chicago.
Who was Jane Addams?
This was the name of the political party platform that called for regulations to counteract the power of the railroads and the Gold Standard.
What is the Omaha Platform or Populist Party Platform?
Combine all phases of manufacturing into one organization.
What is vertical integration?
Strike at Carnegie Steel mill in 1892 where Henry Frick hired Pinkerton detectives to break the strike.
What was the Homestead Strike?
This strike led to a decline in the membership of Knights of Labor because of the bombing by an anarchist.
What is the Haymarket Strike?
This was passed due to economic competition, after the completion of the railroads, and racism in the West.
What is the Chinese Exclusion Act?
This act called for the government to create a committee in Congress, to regulate trade across state lines and, regulate the prices of the railroad industry.
What is the Interstate Commerce Act?
This act forbade combinations in restraint of trade without any distinction between "good" trusts and "bad" trusts.
What was the Sherman Antitrust Act?
Leader of the American Railway Union who called for a massive boycott of railroads in support of the Pullman Strike.
Who was Eugene V. Debs?
Wrote the Gospel of Wealth.
Who was Andrew Carnegie?
Conservatives who saw Scripture as the inspired and infallible Word of God.
Who are fundamentalists?
Williams Jennings Bryan, the 1896 presidential candidate for both the Populists Party & Democratic party, lost to this Republican president.
Name one of the two me who devised a plot to corner the gold market in 1869 and persuaded Grant to order federal Treasury to stop selling gold.
Who were Jim Fisk and Jay Gould?