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the gilded age
Question | Answer |
---|---|
robber barons | people who would do anything to get filthy rich and rely on farmers |
cornelius vanderbilt | railroad robber barons |
rockefeller | owner of standard oil |
andrew carnegie | the owner of us steel and philanthropist |
jp morgan | banking and electrical robber barons who would create general electricity |
laissez faire | hands off in french, the government will leave businesses alone |
monopoly | when one company dominates business in a given area and eliminates its competition |
trust | when several competing companies are owned by one person |
sherman anti-trust act | outlawed monopolies and trust |
horatio alger | wrote rags to riches stories about the gilded age |
social darwinism | the idea that some people are more fit to live in society than others |
grangers | farmer's union |
populist party | the farmers party in a democratic party led by william jennings bryan |
ICC | interstate commerce commission a government agency established to regulate railroads |
public utility | a privately owned business that is government regulated |
AFL | american federation of labor largest skilled labor union led by samuel gompers |
IWW | international workers of the world largest unskilled labor union led by bill haywood |
strike | when workers walk off the job in protest |
lockout | when factories won't open because labor costs are too high |
scab | someone who replaces union worker |
collective bargaining | group negotiations between labor and ownership |
yellow dog contract | when a worker signs a contract to never join a union |
blacklist | list of union workers who can't be hired |
late 19 century strikes where government favors owners vs union | homestead strike, haymarket affair, and pullman strike |