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THE AMERICAN PROMISE 2 CHAP 18
HIST 1302 ACC
17
History
Not Applicable
07/10/2009

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Term
IDENTIFY THE THEME OF MARK TWAIN AND CHARLES WARNER'S THE GILDED AGE
Definition
satirizes greed and political corruption in post-Civil War America.
Term
NAME THE MAN WHO PIONEERED THE NATIONS
FIRST BIG BUSINESS
Definition
JAY GOULD AND THE RAILROADS
Term
DISCUSS HOW THE FEDERAL GOVERNMENT AIDED THE DEVELOPMENT OF THER RAILROADS
Definition
The Republican Party, firmly entrenched in Washington in the wake of the Civil War, worked closely with business interests, subsidizing the transcontinental railroad system with land grants of a staggering 100 million acres of public land and $64 million in tax incentives and direct aid.
Term
SHOW HOW THE STOCK MARKET PLAYED A KEY ROLE IN THE GROWTH OF INDUSTRY
Definition
The Republican Party, firmly entrenched in Washington in the wake of the Civil War, worked closely with business interests, subsidizing the transcontinental railroad system with land grants of a staggering 100 million acres of public land and $64 million in tax incentives and direct aid.
Term
NAME THE MAN WHO CAME TO DOMINATE THE STEEL INDUSTRY AND DESCRIBE HOW HE DID IT
Definition
Andrew Carnegie USING VERTICAL INTEGRATION The growth of the steel industry proceeded directly from railroad building.
Term
NAME THE MAN WHO CAME TO DOMINATE THE OIL INDUSTRY AND DESCRIBE HOW HE DID IT
Definition
John D. Rockefeller USING HORIZONTAL INTEGRATION HE pioneered a new form of corporate structure—the trust
Term
DISCUSS THE IMPACT OF MASS PRODUCTION ON AMERICANS IN THE GILDED AGE
Definition
Mass production slashed prices and made available a wide array of new products
Term
IDENTIFY THE INVENTIONS THAT MOST REVOLUTIONIZED AMERICAN LIVES IN TH GILDED AGE
Definition
TELEPHONE (Alexander Graham Bell), ELECTRICITY (tHOMAS EDISON)
Term
DEFINE FINANCE CAPITALISM AND NAME AMERICA'S PREEMINENT FINANCE CAPITALIST
Definition
investment sponsored by banks and bankers.John Pierpont Morgan
Term
EXPLAIN THE DIFFERENCES BETWEEN OLIGOPOLY AND MONOPOLY
Definition
OLIGOPOLY - competitive system IN WHICH several companies control production.
MONOPOLY - NO COMPETION, ONE COMPANY CONTROLS THE PRODUCTION
Term
DEFINE SOCIAL DARWINISM AND DISCUSS HOW IT WAS USED TO GLORIFY GREAT WEALTH AND CURB SOCIAL REFORM
Definition
A social theory that argued that all progress in human society came as the result of competition and natural selection.
HOW: it justified economic inequality.
Term
DISCUSS HOW THE US SUPREME COURT SUPPORTED THE RISE OF CORPORATE CAPITALISM
Definition
the Court increasingly reinterpreted the Constitution to protect business from taxation, regulation, labor organization, and antitrust legislation BY CONSIDERING corporations AS “persons.” (14TH AMMEND. ON SANTA Clara County v. Southern Pacific Railroad)
Term
SHOW HOW RELIGION AND ETHNICITY PLAYED A SIGNIFICANT TOLE IN THE GILDED AGE POLITICS
Definition
Protestants from the old-line denominations, particularly Presbyterians and Methodists, flocked to the Republican Party, which championed a series of moral reforms, including local laws requiring businesses to close in observance of the Sabbath. In the burgeoning cities, the Democratic Party courted immigrants and working-class Catholic and Jewish voters charging, rightly, that Republican moral crusades often masked attacks on immigrant culture.
Term
LIST THE CHARACTERISTICS OF THE NEW SOUTH
Definition
IT remained agricultural
cheap labor and abundant natural resources
TOBBACO DOMINATION
iron and steel industry
Term
DISCUSS IDA WELL'S CAMPAIGN AGAIST RACISM IN THE NEW SOUTH
Definition
She began to collect data on lynching and discovered that in the decade between 1882 and 1892, lynching rose in the South by an overwhelming 200 percent, with more than 241 people killed
Term
EXPLAIN HOW CIVIL SERVICE REFORM HELPED BREAK THE POWER OF THE PARTY BOSSES IN THE GILDED AGE
Definition
Half of the postal jobs and most of the customhouse jobs, the largest share of the spoilsmen's bounty, passed to the control of the Civil Service Commission. The new law also prohibited federal jobholders from contributing to political campaigns, thus drying up the major source of the party bosses' revenue.
Term
IDENTIFY THE FEDERAL LEGISLATIVE ATTEMPTS TO CURB THE POWER OF BIG BUSINESS ON BEHALF OF THE PUBLIC INTEREST
Definition
* the Supreme Court dealt the antitrust law a crippling blow in United States v. E. C. Knight Company. In its decision, the Court ruled that “manufacture” did not constitute “trade.”
* Congress to pass the Sherman Antitrust Act in 1890. The act outlawed pools and trusts, ruling that businesses could no longer enter into agreements to restrict competition.
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