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| Creater of"the Great Northern" which ran from Duluth to Seattle....canadian american....ran agricultural demonstration trains through the "hill Country" and imported from England |
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| originally referring to cows...but railroad stock promoters grossly inflated their claims to sell the stocks and bonds at a higher price than they should be |
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| combining into one organization all phases of manufacturing from mining to marketing....the goal was to improve efficiency by making supplies more reliable. |
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| A fiduciary relationship in which one person, known as a "trustee", holds title to property or assets for the benefit of another person, the beneficiary. |
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| llying with competitors to monopolize a given market. This tactic of creating trusts was used by Rockefeller. |
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| contracts that corperations made their workers sign saying that the workers would not join a labor union. |
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| The wealthy proclaimed that they were justified by God to have so much wealth. They claimed that God gave them their money or they were a product of natural selection. |
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| agreements to divide the business in a given area and share the profits, were the earliest form of combinations |
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organized the Standard Oil Company of Ohio in 1870, attempting to eliminate the middlemen and knock out his competitors. By 1877, he controlled 95% of all the oil refineries in the nation.....
Rockefeller grew to such a great power by eliminating his competitors. |
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| financed the reorganization of railroads, insurance companies, and banks....bouthg carnagie and expanded his industrial empire and created the United States Steel Corporation in 1901. It was America's first billion-dollar corporation |
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| an order...forced the strikers to crase striking, and if they did then the could bring in federal troops |
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| allowed for the price of steel to drop dramatically and for its production to be done with relative ease. The process involved blowing cold air on red-hot iron in order to ignite the carbon and eliminate impurities. |
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| founded the American Federation of Labor in 1886... It sought for better wages, hours, and working conditions. The federation's main weapons were the walkout and the boycott. |
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| led the Noble and Holy Order of the Knights of Labor in 1869 as a secret society It sought to include all workers in one big union |
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| consolidate rival enterprises and to ensure future harmony by placing officers ofhis own banking company on their various boards of directors |
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| agrarian group...patrons of the husbandry....influenced midwestern legislatures to regulate the railroad monopoly |
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| the steel king, used Vertical Integration to controll all aspects of production from mining to marketing....was bought by morgan for 400 million..produced 1/4 the nations steel |
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