APUSH Ch 18 (The Rise Of Industrial America 1837-1901)

27 August 2022
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National Labor Union
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1866 - established by William Sylvis - wanted 8hr work days, banking reform, and an end to conviction labor - attempt to unite all laborers
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First continental Railroad
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Completed 1869; (USG) Central Pacific Railroad, Union Pacific, Irish and Chinese, meets at Promontory Point, Utah
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Knights of Labor
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1869 - 1st effort to create National union. Open to everyone but lawyers and bankers. Vague program, no clear goals, weak leadership and organization. Failed
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Standard Oil Company
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John D. Rockefeller's company, formed in 1870, which came to symbolize the trusts and monopolies of the Gilded age. By 1877 it controlled 95% of the oil refineries in the U.S. It became a target for trust reformers, and in 1911 the Supreme Court ordered it to break up into several dozen smaller companies.
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Alexander Graham Bell
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invented the telephone in 1876
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Thomas A. Edison
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One of the most prolific inventors in U.S. history. He invented the phonograph, light bulb, electric battery, mimeograph and moving picture.
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Henry George
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He wrote Progress and Poverty in 1879, which made him famous as an opponent of the evils of modern capitalism.
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Standard Oil Trust
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John D Rockefeller's corporation that controled over 90% of the nation's oil and bribed politicians for favors.
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Chinese Exclusion Act
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1882 law that barred Chinese laborers from entering the United States
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William Graham Sumner
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He was an advocate of Social Darwinism claiming that the rich were a result of natural selection and benefits society. He, like many others promoted the belief of Social Darwinism which justified the rich being rich, and poor being poor.
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Lester Frank Ward
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Sociologist who argued that civilization was not governed by natural selection but by human intelligence, which was capable of shaping society as it wished.
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American Federation of Labor
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The first federation of labor unions in the United States. Founded by Samuel Gompers in 1886
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Interstate Commerce Act
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Established the ICC (Interstate Commerce Commission) - monitors the business operation of carriers transporting goods and people between states - created to regulate railroad prices
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Edward Bellamy
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author of the novel Looking Backward which proposed nationalizing trusts to eliminate social problems
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Andrew Carnegie
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Creates Carnegie Steel. Gets bought out by banker JP Morgan and renamed U.S. Steel. Andrew Carnegie used vertical integration by buying all the steps needed for production. Was a philanthropist. Was one of the "Robber barons"
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The Gospel of Wealth
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This was a book written by Carnegie that described the responsibility of the rich to be philanthropists. This softened the harshness of Social Darwinism as well as promoted the idea of philanthropy.
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Sherman Anti-Trust Act
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First federal action against monopolies, it was signed into law by Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor unions
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Standard Oil of New Jersey
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Rockerfeller purchased his empire under the control of this company in 1899.
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General Electric
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in fear of technological competition, they created one of the first corporate laboratories in 1900, increasing corporate research and development labs, but causing a decline in government support in research. This attracted more skillful researchers and decentralized the sources of research funding.
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World's Columbian Exposition
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1893; World's Fair held in Chicago in 1893 to celebrate the 400th anniversary of Christopher Columbus's arrival in the New World
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Panic of 1893
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Serious economic depression beginning in 1893. Began due to rail road companies over-extending themselves, causing bank failures. Was the worst economic collapse in the history of the country until that point, and, some say, as bad as the Great Depression of the 1930s.
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United States Steel
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was the first billion-dollar super corporation and was created by Carnegie., J. P. Morgan and the attorney Elbert H. Gary founded U.S. Steel in 1901 (incorporated on February 25) by combining the Andrew Carnegie's Carnegie Steel Company with Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company for $492 million. It was capitalized at $1.4 billion, making it the world's first billion-dollar corporation.
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J. Pierpont Morgan
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an American financier, banker, philanthropist, and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thompson-Houston Electric Company to form General Electric.