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Placer mining
Using simple equipment like picks, shoves, and pans.
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Quartz mining
Mining dug deep beneath the surface.
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Open range
A vast area of grassland owned by the government.
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Long drive
Proved cattle could be driven north to the rail lines and sold for 10 times the price they could get in Texas.
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Mavricks
Stray calves with no identifying symbols.
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Homestead
A tract of public land available for settlement.
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Dry farming
To plant seeds deep in the ground where there was enough for them to grow.
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Sodbusters
Those who plowed the soil on the plains.
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Bonanza farms
Single families bringing in substantial harvests.
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Nomad
Indians who roamed great distances, following buffalos.
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Annuities
Payments to reservation dwellers.
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Allotments
Where families could be self-supporting.
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Gross National Product
The total value of all goods and services produced by a country.
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Laissez-faire
"Let people do as they say."
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Entrepreneurs
People who risk their money in running a business.
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Time zones
Where the country was divided into four regions where the same time was kept.
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Land grants
A grant of land by the government especially for roads, railroads, or agricultural colleges.
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Corporation
An organization owned by many poeple but treated by law as it was a single person.
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Economies of scale
Where corporations make goods more cheaply because they produce so much so quickly using manufacture facilities.
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Fixed costs
Costs a company has to pay, whether or not it's operating.
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Operating costs
Costs that occur when running a company, such as paying wages and shipping charges and buying materials.
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Pools
Agreements to maintain prices of a certain level.
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Vertical intergration
A company that owns all of the different businesses on which it depends for its operation.
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Monopoly
When a single company achieves control of an entire market.
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Trust
A new way of merging businesses that did not violate the laws against owning other companies
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Holsing companies
Does not produce anything itself, but owns the stock of companies that do produce goods
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Deflation
A rise in the value of money.
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Trade unions
Unions limited to people with specific skills.
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Industrial unions
United all craft workers and common laborers in a particular industry.
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Lockout
To lock workers out of the property and refuse to pay them.
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Marxism
Argued that the basic force shaping capitalist society was the class struggle between workers and owners.
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Arbitration
A process in which an impartial third party helps workers and management reach an agreement.
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Closed shops
Compaies could only hire union members.
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Horizontal integration
Combining many firms engaged in the same type of business into one large corporation.
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Steerage
The most basic and cheapest accommodations on a steamship.
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Nativism
A preference for native-born people and the desire to limit immigration.
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Skyscrapers
Tall steel frame buildings
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Tenements
Dark and crowded multifamily apartments.
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Political machine
An informal political group designed to gain and keep power.
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Party bosses
People who ran political machines.
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Graft
Getting money through dishonest or questionable means.
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Philanthropy
Using great fortunes to further social progress.
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Realism
Art attempting to portray people realistcally.
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Vauderville
State entertainment made of various acts, such as dancing, singing, comedy, and magic shows.
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Ragtime
Type of music with strong rhythm and a lively melody with accented notes.
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Naturalism
Criticism of industrial society in literature.
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Settlement houses
Where middle-class residents lives and helped poor residents.
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Americanization
Where immigrant children go to school to become knowledgable about American Culture.
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Greenbacks
Paper currency that could not be exchanged for gold or silver coins.
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Inflation
A decline in the value of money.
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Populism
Movement to increase farmers' political power and to work for legistlation in their interest.
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Deflation
An increase in the value of money and a decrease in the general level of prices.
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Cooperatives
Marketing organizations that worked for the benefit of their members.
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Graduated income tax
Tax that taxed higher earnings more heavily.
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Goldbugs
Believed American currency should be based only on gold.
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Silverites
Believed coining silver in unlimited quantities would solver the nation's economic crisis.
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Sharecroppers
Landless farmers who had to hand over the landlord a large portion of their crops to cover the cost of rent, sees, tools, and other supplies.
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Poll tax
To require citizens that register to vote to pay a sum of money.
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Grandfather clause
Alloed any man to vote if he had an ancestor on the voting rolls in 1867.
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Segregation
Separation of the races.
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Jim Crow Laws
Statutes enforcing segregation.
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Lynchings
Executions without proper court proceedings.
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