Chapter 14 - A New Industrial Age
Terms in this set (20)
Edwin L. Drake
In 1859 Drake successfully used a steam engine to drill for oil near Titusville, Pennsylvania, that removing oil from beneath the earth's surface became practical.
A cheap and efficient process for making steel, developed around 1850.
Thomas Alva Edison
In 1876 he became a pioneer on the new industrial frontier when he established the world's first research laboratory in Menlo Park, New Jersey. Patented the lightbulb in 1880.
Invented the typewriter in 1867.
Alexander Graham Bell
With Thomas Watson invented the telephone in 1876.
A railroad line linking the Atlantic and Pacific coasts of the United States, completed in 1869.
George M. Pullman
In 1880 built a factory for manufacturing sleepers and other railroad cars on the Illinois prairie.
A construction company formed in 1864 by owners of the Union Pacific Railroad, who use it to fraudulently skim off railroad profits for themselves.
Munn v. Illinois
An 1877 case in which the Supreme Court upheld states' regulations of railroads for the benefit of farmers and consumers, thus establishing the right of government to regulate private industry to serve the public interest.
Interstate Commerce Act
A law, enacted in 1887, that reestablished the federal government's right to supervise railroad activities and created a five-member Interstate Commerce Commission to do so.
Was one of the first industrial moguls to make his own fortune off of steel. His rise from rags to riches, along with his passion for supporting charities, made him a model of the American success story.
Vertical and Horizontal Integration
Vertical - a company's taking over its suppliers and distributors and transportation systems to gain total control over the quality and cost of its product.
Horizontal - the merging of companies that make similar products.
An economic and social philosophy - supposedly based on the biologist Charles Darwin's theory of evolution by natural selection - holding that a system of unrestrained competition will ensure the survival of the fittest.
John D. Rockefeller
Established the Standard Oil Company. Use trusts and mergers to build his fortune.
Sherman Antitrust Act
A law, enacted in 1890, that was intended to prevent the creation of monopolies by making it illegal to establish trusts that interfered with free trade.
Jewish immigrant who led the Cigars Maker's International Union in 1886. (Craft Unions)
American Federation of Labor (AFL)
An alliance of trade and craft unions, formed in 1886.
Eugene V. Debs
Attempted to form an industrial union - the American Railway Union (ARU) (Industrial Unions)
Industrial Workers of the World (IWW)
A labor organization for unskilled workers, formed by a group of radical unionists and socialists in 1905.
Mary Harris Jones
Most prominent organizer in the women's labor movement. Supported the Great Strike of 1877 and later organized for the United Mine Workers of America (UMW).