5 Written Questions
5 Matching Questions
- Jay Gould and Jim Fisk
- "watering" stock
- 8. Why land was not redistributed in the South and the consequences of leaving land concentrated in the hands of white planters
- Thomas A. Edison
- Andrew Carnegie
- a Wall Street financiers who obtained the help of President Grant's brother in law to corner the gold market; Treasury broke the scheme but first, they made a huge profit
- b ...
- c issuing stock certificates far in excess of the value of a corporation's assets; stock in a company that has overissued in this manner is called "watered stock"
- d -born in 1847 in Milan, Ohio
-1868: his first major invention, the stock-quotation printer
-with the money he earned from patents, he was able to set up his first "invention factory" in Newark, New Jersey, a research facility tha the moved to nearby Menlo Park in 1876
-1877: invented the phonograph
-1879: perfected the light bulb
-backed financially by J.P. Morgan, the Edison Illuminating Company in 1882 opened a power plant in NYC's financial district, furnishing lighting for 85 buildings
-in the late 1800s he relinquished control of his enterprises being embittered in legal battles over patent infringements for his electric light
-1892: with J.P. Morgan's help, Edison's company merged with a major competitor to form the General Electric Company (GE)
-other inventions: mimeograph machine, the microphone, the motion-picture camera and film, and the storage battery
-1,093 patented inventions and an estate worth more than $6 million
- e -Scottish
-started off poor and immigrated to America when he was 12 (1848)
-was a bobbin boy in Pittsburgh and then a Western Union messenger boy
-his big break came in 1852 when Tom Scott, superintendent of the Pennsylvania Railroad's western division, hired him as secretary and personal telegrapher
-at 24 he took over as head of the line's western division
-early 1870s he decided to build his own steel mill and he introduced the Bessemer production technology of blasting air through the steel to remove carbon and other impurities
-used vertical integration (doing everything from gathering the raw materials to selling the finished product)
-by 1900 Carnegie Steel, employing 20,000 people, had become the worlds largest corporation
-eventually sold the company to J.P. Morgan
-had ingenuity in transferring organizational systems and cost-accounting methods from railroads to steel
-kept wages as low as possible
5 Multiple Choice Questions
- -led the Nez Perces on their flee to Canada
- Name given to paper money issued by the government during the Civil War, so called because the back side was printed with green ink. They were not redeemable for gold, but $300 million were issued anyway. Farmers hit by the depression wanted to inflate the notes to cover losses, but Grant vetoed an inflation bill and greenbacks were added to permanent circulation. In 1879 the federal government finally made greenbacks redeemable for gold.
5 True/False Questions
Sitting Bull → -Sioux chief who resisted american expansion into tribal lands
-one of the native american leaders at the Battle of little Bighorn
-a supporter of the Ghost Dance movement
-he was killed by tribal police while being arrested in 1890
Henry George, Progress and Poverty → California writer and activist, his angrily eloquent book Progress and Poverty, published in 1879, became one of the best selling nonfiction works in American publishing history. He blamed social problems on the ability of a few monopolists to grow wealthy as a result of rising land values, and that the increase in the value of the land was an unearned increment, produced by the growth of society, and that the profits belonged to the community.
Civil Rights Act of 1875 → Unwritten deal that settled the 1876 presidential election contest between Rutherford Hayes (Rep) and Samuel Tilden (Dem.) Hayes was awarded the presidency in exchange for the permanent removal of federal troops from the South.
6. Why the South lagged behind the North in industrialization and the unique characteristics that southern industry developed → -diseases such as smallpox, measles, and diphtheria ravaged the Native population
-settlers moved with increasing frequency west and uprooted the Native's from their land
-railroads killed off the buffalo to prevent damage to their tracks
-armies massacred peaceful Indian's and forced them onto reservations that were not compatible with their way of life
12. Why, by the 1870s, the Republicans had lost interest in remaking the South → Ku Klux Klan = An organization of white supremacists that used lynchings, beatings, and threats to control the black population in the United States. Expressed beliefs in respect for the American woman and things purely American [anti-immigrant]. Strongest periods were after the Civil War, a resurfacing in 1915 [on Stone Mountain, GA.] continuing through the 1920s, and another upsurge in the 1990s.