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Chapter 17
Business and Politics in the Gilded Age
59
History
11th Grade
01/27/2007

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Term
Ottmar Mergenthaler
Definition
invented the Linotype
Term
Promontory Point, Utah
Definition
The TCR was completed in 1869 when the tracks of the Union Pacific and Central Pacific railroads came together here
Term
Jason "Jay" Gould
Definition
pioneered the development of America's railway system and the era's most notorious speculator
Term
James H. Hill
Definition
built the Great Northern Railroad- one of the few major railroads able to weather the depression
Term
Big 4 Railroad Builders
Definition
Collis P. Huntington, Charles Crocker, Leland Stanford, and Mark Hopkins- became so powerful that the southern pacifc railroad held CA in the grip of an "octopus"
Term
Andrew Carnegie
Definition
-worked to build Carnegie steel, among 1st to champion "King steel,"
-a Scottish immigrant
-1 of the richest men in America
-gave away $300 million (most to libraries)
Term
Henry Bessemer
Definition
developed a way to make steel more cheaply from pig iron
Term
Black Gold
Definition
-oil
-discovered by Edwin Drake in 1859 in PE
Term
John D. Rockefeller
Definition
-Owned Standard Oil Company (precursor of Exxon Mobil Corporation)
-pioneered the trust
-moved horizontally to control the refining process
-1st billionaire
Term
Tom Scott
Definition
hired Carnegie
Term
Ida M. Tarbell
Definition
wrote "History of the Standard Oil Company," largely shaped the public's harsh view of Rockefeller
Term
Graham Bell
Definition
-1876 Philadelphia Centennial Exposition- demonstrated his telephone
Term
Theodore N. Vail
Definition
under him, American Bell (telephone company) began to market the telephone
Term
Thomas Eva Edison
Definition
-lab in Menlo Park, NJ
Term
George M. Westinghouse
Definition
-wanted to pioneer the use of electricity as a source
-competitor w/ Edison
-inventor of the railroad air brake
Term
John Pierpont Morgan
Definition
-preeminant finance capitalist of the 19th century
-acted as power broker in the reorganization of the railroads and creation of General Electric and US Steel
Term
US Steel
Definition
-Morgan pulled together all of Carnegie's chief competitors to form this huge new steel corporation
-known today as USX
-largest corporation in the world
-still did not hold a monopoly in the steel industry because of all the smaller independent ones
Term
Charles Darwin
Definition
-wrote "On the Origin of Species"
-adaptation is key to survive
Term
Herbert Spencer and William Graham
Definition
developed the theory of social darwinism- porgress came from competition
Term
Sumner
Definition
-professor of political economics at Yale
-wrote "What Social Classes owe to eachother"
Term
The Gospel of Wealth
Definition
-written by Carnegie
-softened Social Darwinism
Term
Justice Stephen J. Field
Definition
"the Constitution allows no impediments to the acquisition of property"
Term
Henry Grady
Definition
-editor of the Atlanta Constitution, used the paper's influence to extol the virtues of a new industrial south
Term
What was the only industry that the south dominated?
Definition
Tobacco
Term
Readjusters
Definition
-a coalition of blacks and whites determined to "readjust" (lower) the state debt and spend more $ on public education
Term
Ida B. WElls
Definition
-launched an anti-lynching movement
Term
Victoria Earle Matthews and Maritcha Lyons
Definition
-engaged in social reform and self improvements
-hosted testimonial dinner for Wells that led to the organization of a bl-ack women's club, the Women's Loyal Union
-club became a spearhead for the creation of the national Asssociation of Colored Women (NACW)
Term
Elizabeth Cady Stanton and Susan B. Anthony
Definition
-formed the National Women Suffrage Association (NWSA)- 1st independent women's rights organization in the US
Term
Women's Crusades
Definition
-part of the temperance movement
-women armed with bibles and singing hymns would march on taverns and saloons and refused to leave until the proprietors signed a pledge to stop selling liquor
Term
Maine Laws
Definition
-laws that prohbited the sale of liquor
-Maine was the 1st state to prohibit it
Term
Women's Christian Temperance Union (WCTU)
Definition
advocated total abstinence of alcohol
Term
Ulysses S. Grant
Definition
-politically corrupt and factioned administration
-spoils system remained the driving force in politics
Term
Senator Roscoe Conkling
Definition
-master of teh spoilsman, ridiculed civil service, and tried his best efforts to get the Republicans to run Grant against him for president in 1880
-followers were called "Stalwarts"
Term
Senator James G.Blaine
Definition
-Conkling's archrival
-faction called the 1/2 breeds
Term
Mugwumps
Definition
-primarily reofrm mined Republicans from MA and NY- hated the spoils system and advocated civil service reform
-comes from Algonquian word for chief
Term
Charles Guiteau
Definition
assassinated Garfield
Term
Pendleton Civil Service Act
Definition
-1883
-established a permanent Civil Service Commission of 3 members, appointed by the president
Term
1884 campaign
Definition
-most vile b/c of the mudslinging
-Cleveland (father of an illegit child) vs. James G. Blaine (followers were called Blainiacs)
Term
Election of 1888
Definition
-Republican Benjamin Harrison won
-once in office, he proved to be a cold and distant leader- the "human iceberg"
Term
Election of 1892
Definition
-Grover Cleveland won
-only time when a defeated president returns to office
Term
Henry Cabot Lodge
Definition
-1890 Force Bill- a federal election law to restore the vote to African Americans who had faced intimidation and disenfranchisement in the south, died in republican congress
Term
"Billion Dollar Congress"
Definition
-Rep. McKinley passed a law that increased tarifffs- condemned and this was the nickname for congress
Term
Granger
Definition
-aka Patrons of Husbandry
-founded in 1867 as a social and educational organization for farmers, soon became an ind. pol. mvt.
Term
Munn vs. Illinois
Definition
Sp Ct ruled in favor of state regulation, 1877
Term
Wabash vs. Illinois
Definition
-1886
-reversed Munn v. Illinois (1877)
-ruled that because railroads crossed state boundaries, they fell outside state jurisdiction
Term
Interstate Commerce Act
Definition
-1887
-established the nation's first federal regulatory agency, the Interstate Commerce Commission (ICC) to oversee the railroad industry
-never really powerful
Term
Sherman Antitrust Act
Definition
-1890
-outlawed pools and trusts, ruling that business couldn't enter agreements to restrict tompetition
Term
US v. EC Knight Company
Definition
-sp ct dealt the antitrust law a crippling blow
-ruled that "manufacture" didn't constitute "trade"
-narrowed the law- in this case, allowing the American Sugar Refining Company (which included EC Knight) and controlled 98% of teh production of sugar, to control its virtual monopoly
Term
Bimetalism
Definition
-minting of both gold and silver into coins
Term
Sherman Silver Purchase
Definition
-required the gov't to buy silver and issue silver certificates
-led to a depression, repealed in 1893
Term
William Stanley
Definition
-gave ideas to Westinghouse to deisgn a more efficient, high voltage, alternating current system- stole many of Edison's ideas
Term
Birmingham, Alabama
Definition
-founded in 1871
-grew to be a busting iron producing city with noisy railroad yards and furnaces
-by 1900, it was the nation's largest pig iron shipper
Term
By 1900, who made up 60% of the work force?
Definition
Blacks
Term
Ragged Dick
Definition
-wrote by Horatio Alger
-recounted the adventurs of poor but honest lads who rose thru ambition, initiative, and self discipline
Term
By 1890, what percentage of America owned 73% of the wealth?
Definition
10%
Term
Adams Smith
Definition
wrote "The Wealth of Nations" (1776)
Term
Lester Frank Ward
Definition
-wrote Dynamic Sociology- supposed 'laws' of nature could be circumvented by human will
Term
Karl Marx
Definition
-wrote Das Kapital
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