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Bnasty
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Laissez Faire
allowed businesses to operate under minimal government regulations
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Patent
grant by the federal government giving an inventor exclusive right to develop, use, and sell an invention
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Big Business change economy
- Horizontal and vertical integration created monopolies
- created jobs and used new tech.
- eliminated small business
- ignored poor working conditions
- Government had to regulate railroads
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Cornelius Vanderbuilt
- Father of railroad industry
- got started in the steamboat industry
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Monopoly
complete control of a product or service
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John Rockefeller
oil tycoon, made deals with railroads to increase his profits
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Horizontal integration
system of consolidating many firms in the same business
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Trust
companies assign their stock to a board of trustees who combine them in to a new organization
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Andrew Carnegie
steel tycoon
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Vertical integration
gaining control of the supplier of a businesses product
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Robber Baron
name given to big businessmen who bought or squeezed our their competition
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Captains of industry
name given to big businessmen by those who believed they helped the economy by providing jobs
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Social darvinism
wealth is a measure of one's value and those who had it were the most "fit"
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Interstate commerce commision
created by US senate to oversee railroad operation first federal body set up to monitor American business operations
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Sherman Antitrust Act
- outlawed any trust that operated "in restraint of trade or commerce among the states."
- also used to regulate business like ICC
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arguments regarding big business
- argued that monopolies gave unfair advantages and eliminated small businesses
- some said they create jobs, new technologies, and created universities
- also cited social Darwinism
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Socialism
an economic and political philosophy that favors public, instead of private, control of property and income
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Knights of Labor
- labor union founded in 1869 by Uriah Stephens
- Secret society that actively recruited African Americans and was devoted to social reforms such as replacing capitalism with workers' coops
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American Federation of Labor
- union for specific craft workers founded by Samuel Gompers
- Focused on specific workers' issues such as wages,working hours, and working conditions
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Haymarket Riot
resulted when fights broke out between police and protesters at a national demonstration for 8 hour workday in Chicago
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Homestead strike
- took place when Carnegie Steel plant cut workers' wages
- one of many strikes that occurred as economic depression spread across America
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Pullman Strike
- led by Debs in response to George Pullman's cutting wages and charging high rent in the company town where workers were required to live
- President Cleveland sent troops to stop strike and Courts declared the government had the right to intervene and end the strike
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Working conditions affect families
- whole family worked to survive
- accidents and illnesses were common and meant a loss of wages for the family
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Goals of labor unions
- Knights of Labor- wanted broad social reform, recruited a broad range of people
- AFL- wanted to improve working conditions and wages
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strikes and effectiveness
- organized to protest poor working conditions and wages
- led to riots and disruption of services
- labor unions were soon associated with violence
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New immigrants
- southern and eastern Europeans who began coming to America in increasing number in the 1870's
- often unskilled, poor, and either Catholic or Jewish
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Ellis Island
- where immigrants were "processed" to decide who could stay in the US (In New York)
- largest immigration station in the US
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Angel Island
where immigrants arriving in San Francisco wer "processed"
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Americanization
programs designed to help immigrants learn English and adopt american dress and diet
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Nativism
belief that native-born white americans were superior to newcomers
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Chinese Exclusion Act of 1882
- prohibited immigration of Chinese laborers
- limited the civil rights of Chinese immigrants already in the US
- outlawed nationalization of Chinese residents
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Push/pull factors for immigrants
- Push: farmers forced off their land, wars and political turmoil, and religious persecution
- Pull: great expanses of land, plenty of work, family and friends already established here. religious and political freedon
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Process of arriving imigrants
- medical exam and were detained if they were unhealthy
- interviewed by a customs officer to determine if they could support their selves
- Single women were detained until married or a relative collected them
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Reasons Americans wanted to restrict immigration
feared competition for housing and jobs
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Immigrants change American culture
- worked of railroads, in factories, and in mines
- joined political parties and unions
- contributed some of their traditions
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Urbanization
period in which the number of cities and people living in them increased dramatically
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Rural to Urban migrants
the move of farmers to cities in the 1890s to work in factories
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Suburbs
cleaner, quieter perimeters of cities where middle and upper class people moved
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Tenements
low cost, multifamily, housing designed to squeeze in as many families as possible, usually unhealthy and dangerous
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Working condition for farmers moving to the cities
- dimly lit
- work space small
- work days long
- the schedule was rigid
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Advantages of city life for former farmers
- variety of jobs
- children had access to schools
- more opportunities for entertainment and cultural activities
- their standard of living raised
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opinions on the development of suburbs (Stanley v. Pirani)
- Stanley- viewed them as improvement over the quality of life causing a decline in urban populations, services, and political power
- Priani- sprawling developments that use land inefficiently and degrade environment
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Gilded age
novel written by Mark Twain in 1873 depicting America as having a rotten core but cover with gold paint
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Mass culture
- the similarity of consumption patterns among Americans
- most could have the same clothes, household gadgets, toys, and food
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Joseph Pulitzer and William Randolph Hearst
- started newspapers designed to provide information and stir up controversy
- papers included comics, sports, illustrations, and reports of political corruption
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new forms of entertainment
Amusement parks, outdoor events (movies, Wild West shows, Vaudeville shows), and spectator sports
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