Industry
JP Morgan's Industry
Finance and Banking
Tactic used by management to resist the demands of labor
Lockout
Types of Reforms
Political reforms like initiative and referendum, social reforms that provided relief to urban poor, municipal reforms that elected legislators to that promoted reform at the state level, and economic reforms to deal with the abuses of industrialization
Reasons for urbanization
1. railroads and improved roads
2. cultural opportunities
3. rise of factories and more jobs
3 Progressive Presidents
Roosevelt, Taft, and Wilson
The goal that motivated Henry Flagler to build the Florida East Coast Railway
To bring tourists to the luxury hotels he had built along the Florida coastline
What was an important consequence of the Haymarket Riot
decline of the Knights of Labor
What was the government's response to Ida Turbell's History of the Standard Oil company?
Roosevelt filed a lawsuit to break up the Standard Oil Company
The group that most favored the passage of the Chinese Exclusion Act in 1882
Nativists on the West Coast
Useful function served by the political machines of the late 1800s
assisted in the social and political assimilation of immigrants into the community
The difference between vertical and horizontal integration
Horizontal involves owning one level of the production process, while vertical includes owning all stages of producing a material
Why did government leaders sympathize with business owners against labor in the late 19th century
because they gave the government money and believed in laissez-faire
Impact of muckraking activities in the early 1900s
Public reaction to their books led to new laws addressing the abuses of industrialization
difference between New Immigrants and Old Immigrants
New Immigrants spoke little English, were very poor, and were usually Catholic, Jewish, and Orthodox Christian. Old Immigrants were looking for job opportunities, spoke English, and were mostly Protestant.
The significance of the passage of the Interstate Commerce Act and the Sherman Antitrust Act
They established the principle that Congress could regulate business in certain circumstances
Two early labor unions that threatened big business
Knights of Labor and American Federation of Labor
strike-breakers (scabs)
temporary workers brought until the dispute with striking workers was settled
How did President Wilson make up for the loss of revenues by the reduction in tariffs?
introducing a new federal income tax
Consequences of the rapid growth of cities in the late 1800s
rapid growth of tenements and ghettos, traffic, vast differences in wealth
demands of the Populist party in 1892 that were later adopted
progressive income tax , secret ballot, initiative and referendum procedures, eight hour work day, & restrictions on immigration
Consequences of the Clayton Anti-Trust Act and Federal Trade Commission Act
Clayton prohibited some unfair business practices and protected unions from antitrust laws being used against them. Federal Trade Commission was a regulatory agency to investigate corporate activities and could force a corporation to discontinue business until the investigation was over.
How were the Homestead and Pullman Strike similar?
Both ended in important defeats for organized labor
Purpose of Federal Reserve System
regulates banks and serves a bank to banks. Sets the US monetary policy
Difference between the experience of European Immigrants and Asian immigrants
Asian immigrants couldn't become naturalized citizens, the Chinese Exclusion Act banned almost immigrants from China, and The Gentlemen's Agreement Act cut off immigration from Japan
Characteristic shared by these five reforms: initiative, referendum, recall, direct primary, and 17th amendment
they gave citizens a greater voice in government