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Ch. 6;8;11 Terms
U.S. History America: Pathways to the Present, Modern American History ©2005
| Question | Answer |
|---|---|
| TRUST | John Rockefeller, a group of seperate companies that are placed under control of a single managing board, 1882, Ohio, monopoly, by buying out businesses they promised to share profits, 40 companies joined Rockefellers trust & created a high % of the oil |
| SOCIALISM | societies, an economic and political philosphy that favors public instead of private control of the means of production, 1830-1890s, USA, believed that society at large should take cahrge of nation's wealth, most were opposed to the ideas |
| SOCIAL DARWINISM | 1858; after 1890s, evolution Origin of the Species, Charles Darwin, believe by nativist ones here first are better, impact government, reation to depression and immigration |
| CAPITALISM | Americans, a process of wealth that can be invested into produce goods and make money, 1850s, USA, to buy land or to invest in money-making projects, Banks provided, a free market economy |
| SHERMAN ANTI-TRUST ACT | Congress, outlawed any combination of companies that restrained interstate trade or commerce, 1890, USA, attempt to limit the amount of control a business could have over an industry, proved ineffective agains trust for 15 yrs |
| GOSPEL OF WEALTH | Andrew Carnegie, essay described a responsibility of philanthropy by the upper class and self-made rich, 1889, USA, wanted to tell the business man how to spend money right, a view of social darwinism |
| MONOPOLY | companies, complete control of a product or service, 1800s, USA, to gain more profit, buisness bought out its competitors or drove them out of business, when there was no other place to turn for a product the sole remainer could raise prices |
| SCIENTIFIC MANAGEMENT | Business, is a theory of management that analyzes and workflow with the objective of improving labor productivity, 1880, Factories, Factory management, Used today |
| PRODUCTIVITY | Americans, the amount of goods and services created in a given period of time, 1900, USA, a result of the nation's growing industry, mass production was created |
| COLLECTIVE BARGAINING | American Federation of Labor (AFL), a process in which workers negotiate as a group with employers, 1886-1892, more power than a single worker acting alone, pressed for a "closed shop", economic pressure and boycotts to force, more workers |
| GILDED AGE | Mark Twain, a term coined by Mark Twain to describe the post-Reconstruction era, USA, the economy grew and was very productive, building factories and a good industry, helped cover up the widespread abuse of power in business and government |
| LAISSEZ-FAIRE | Government, holds that government should play avery limited role in business, 1800s, United States Industries, if gov. doesnt interfere the strogest business will succeed and bring wealth to the nation as a whole, Free Market Economy |
| CHINESE EXCLUSION ACT | Chinese and US Gov; prohibited chinese laborers from entering the country, 1882-1943, USA, accepted low pay and affected the rates of pay of all workers, Passed a law, Chinese ancestry fell condsiderably from 1890-1940 |
| PENDLETON ACT | Authur's congress, created a Civil Service Commission and stated that federal employees could not be required to contribute to campaign funds or be fired for political reasons, 1883,USA, to reform the spoils system,Because of Garfields death Authur passed |
| SOCIAL GOSPEL MOVEMENT | Churches, sought to apply the gospel (teachings) of Jesus directly to society, 1880-1990s, urban areas of USA, focused on the gospel ideals of charity and justice, specially by seeking labor reforms, Other religious org.including Jewish synagogues adapted |
| PROGESSIVE PARTY | Americans,effort to cure many of the ill American society that developed during the industrial growth in the last quarter of the 19th century,1890-1920s,USA, split (R) Party of Taft and Theodore Roosevelt |
| MUCKRAKERS | Journalists, uncovered wrongdoing in politics or business, 1850s-1900s, USA, businesses were doing dirty tricks and Theodore Roosevelt admited to wrongdoings, identified serious abuses |
| MUNICIPAL | citizens, made at the city seeking reform of municipal governments, 1900s, USA, home rule, thought oblish corruption |
| SOCIAL WELFARE PROGRAMS | americans and the progressives, help ensure a minimum standard of living, 1900s, USA, passed laws, to help poor americans, unemployments benefits;accident and health insurance; social security |
| CLAYTON ANTI-TRUST ACT | congress, spelled out specific activites taht big businesses could not do, 1914, USA, to strengthen the Serman Anti-trust Act, monopolies were banned, "irreparable injury to property" |
Created by:
TristaC
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