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The Gilded Age. Transcontinental Railroad. The Union Pacific and Central Pacific companies began in Omaha and Sacramento and met in Promontory Point in Utah to build this. Advantages of railroads.
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The Union Pacific and Central Pacific companies began in Omaha and Sacramento and met in Promontory Point in Utah to build this.
more direct routes, greater speed, greater safety and comfort, more dependable schedules, a larger volume of traffic, and year-round service
Baltimore and Ohio, Erie Railroad, New York Central Railroad, and Pennsylvania Railroad
Created by Henry Bessemer, it made increased steel production possible by blasting air through molten iron.
A single company owns and controls the entire process from raw materials to the manufacture and sale of the finished product
A Scottish immigrant who grew to monopolize the steel industry through vertical integration, but eventually sold out to JP Morgan
Carnegie justified monopolies through social Darwinism and argued that the wealthy had a God-given responsibility to carry out projects of civil philanthropy for the benefit of society
A legal concept that allows one person, called a trustee, to manage another person's property.
The joining together of two or more companies or organizations to form one larger one
A company that owns the stock of companies that produce goods, but doesn't actually produce anything itself
The combining of many firms engaged in the same type of business into one large corporation
Created the Standard Oil Company through the use of trusts/horizontal integration, vertical integration, hiring scientists, and being thorough and ruthless.
Invented the Kodak Camera and the process for coating gelatin on photographic dry plates
Inventor of the light bulb, phonograph, etc. and owner of the most patents
Established by Uriah S. Stephens, platform included an 8 hour work day and abolition of child labor; taken over by Powderly
Loose alliance of national craft unions calling for higher wages, shorter hours, and better working conditions; established by Samuel Gompers
Employers believed supply and demand, not the welfare of workers, dictated wages.
Forbade workers to interfere with their employers' business and upheld by this court decision
Court struck down a law limiting bakery workers to a 60 hour week and 10 hour day because baking was safer than mining.
Workers campaigning for the 8 hour work day in Chicago called for a protest and police intervention led to a bomb being thrown. Americans feared the labor movement and anarchism
Henry Clay Frick cut wages of steel workers 20% causing AFL affiliates to strike.
Lockouts, blacklists, yellow dog contracts (agreement not to join unions), private guards/state militias, and court injunctions.