Shared Flashcard Set

Details

Unit 8 IDs Credit Mobilier +
Mobiler scandal - Honest Graft
22
History
10th Grade
05/08/2008

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Cards

Term
Credit Mobilier
Definition
Corrupt railroad industry during President Grants presidency. The government was taking profits of the railroad from stockholders.
Term
Cornelius Vanderbilt
Definition
Built New York Central Railroad. Was a business machine
Term
JP Morgan
Definition
Banker who redefined the railroad industry
Term
Andrew Carnegie
Definition
Constructed the Brooklyn Bridge. Had a steel contract and employed 20,000 people and ad the largest industrial company in the world
Term
John D. Rockefeller
Definition
Built titian business, the Standard Oil Company
Term
Standard Oil
Definition
Created by Rockefeller, served as the model for the industry and it exported oil to the world
Term
Trust
Definition
Business management device to centralize and make more efficient management of diverse and for flung business operations. It allowed stockholders to exchange stock certificates for trust certificates in which dividends were paid
Term
Monopoly
Definition
The trustees had one of these over all the money in a company
Term
Anti-trusts
Definition
Reformers against trusts
Term
Child Labor
Definition
Between 1870 and 1900 the numbers rose 130% and they worked for less money
Term
Working Girl
Definition
Mostly young single women who moved into formally male occupations as secretaries, bookkeepers, typists, telephone operators, nurses, teachers, librarians, and clerks in stores. 5.3 million in 1900. They could not study law and had unequal pay and status
Term
Horatio Alger
Definition
Had a rags to riches story
Term
Knights of Labor
Definition
Founded in 1869, this group pursued broad-gauged reforms as much as practical issues such as wages and hours. They welcomed all laborers and abolition of child labor
Term
Haymarket Riot
Definition
On May 4, 1886 demonstrations in Chicago’s Haymarket Square. During riot 2 workers were killed and it turned into a violent strike after a bomb exploded and killed 7 policemen. This led to sympathy of the laborers
Term
American Federation of Labor: (AFL)
Definition
Founded by Samuel Gompers in 1886. It was a loose alliance of national craft and it worked for specific practical objectives such as higher wages, shorter hours, and better working conditions
Term
Samuel Gompers
Definition
Founder of the AFL and worked for better material lives of workers, capitalism, and more rewards for the workers
Term
Homestead Strike of 1892
Definition
July 1892, there was wage cutting at Carnegie’s Homestead Steel plant and it provoked this violent strike. The workers used force and strike barriers. The company officials eventually broke up the strike and destroyed the Union.
Term
"How the Other Half Lives"
Definition
the lives of tenements were harsh and were perceived in this film as terrible. It was a world of dark halls, poor ventilation, and squalid conditions
Term
Tenements
Definition
Small city lots crowded with people into cramped apartments. 1890, half of homes in NYC were tenements. It smelled of poverty and neglect
Term
Tammany Hall
Definition
NYC democratic machine and place of corrupt government of NYC
Term
William Tweed
Definition
Head of Tweed ring in NYC. He was a powerful political machine who rose with poverty and crime. It had corrupt gang rings led by politics
Term
Honest Graft
Definition
Legit profits made form advance knowledge of city projects (some bosses believed in it)
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