Chapter 17

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Chapter 17
2013-01-09 10:58:56

Capital and Labor in the Age of Enterprise, 1877-1900
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  1. July, 1877 - A large number of railroad workers went on strike because of wage cuts. After a month of strikes, President Hayes sent troops to stop the rioting. The worst railroad violence was in Pittsburgh, with over 40 people killed by militia men.
    The Great Strike of 1877
  2. Creates Carnegie Steel. Gets bought out by banker JP Morgan and renamed U.S. Steel. Andrew Carnegie used vertical integration by buying all the steps needed for production. Was a philanthropist. Was one of the "Robber barons"
    Andrew Carnegie
  3.  conditon in which an owner of a business firm can lose only the amount he or she has invested stockholder.
    Limited Liability
  4. a railroad owner who built a railway connecting Chicago and New York. He popularized the use of steel rails in his railroad, which made railroads safer and more economical.
    Cornelius Vanderbilt
  5. Practice where a single entity controls the entire process of a product, from the raw materials to distribution
    Vertical Integration
  6. Was an American industrialist and philanthropist. Revolutionized the petroleum industry and defined the structure of modern philanthropy.
    John D. Rockefeller
  7. (economics) a market in which there are many buyers but only one seller. Owns more than 40% of distribution companies.
  8. jobs that do not involve manual labor although they require less education and provide a lower income than do the jobs held by the upper-middle class (nurses, small-business owners, salesmen)
    White Collar jobs
  9. the production of large quantities of a standardized article (often using assembly line techniques)
    Mass production
  10. Process by which a union representing a group of workers negotiates with management for a contract
    Collective bargaining
  11. one of the most important American labor organizations of the 19th century, demanded an end to child and convict labor, equal pay for women, a progressive income tax, and the cooperative employer-employee ownership of mines and factories
    Knights of labor
  12. Leader of Knights Of Labor
    Terence V. Powderly
  13. A working establishment where only people belonging to the union are hired. It was done by the unions to protect their workers from cheap labor.
    Closed Shop
  14. United States labor leader (born in England) who was president of the American Federation of Labor from 1886 to 1924 (1850-1924)
    Samuel Gompers
  15. A federation of North American labor unions, merged in 1955 with the Congress of Industrial Organizations to form the American Federation of Labor and Congress of Industrial Organizations (AFL–CIO)
    American Federation of Labor
  16. a political theory favoring the abolition of governments
  17. (1886) Chicago police advanced on a meeting that had been called to protest supposed brutalities by authorities. Dynamite bomb thrown and dozens were killed. Knights of labor were blamed for this incident, and lost public support
    Haymarket Square Incident
  18. Yellow Dog Contracts
    A written contract between employers and employees in which the employees sign an agreement that they will notjoin a union while working for the company.
  19. In 1892, 13 men were killed in a battle between striking steelworkers and strikebreakers at Carnegie's steel plant in Pittsburgh
    Homestead Strikes
  20. was Carnegie's supplier of coke to fuel his steel mills as well as his right hand man. He was very anti-union. He was in charge of the mills when the Homestead Strike occurred. His decision to use strike breakers ignited the riot, and helped stain the image of unions.
    Henry Clay Frick
  21. The Pullman Strike was a nationwide conflict in the summer of 1894 between the new American Railway Union (ARU) and railroads that occurred in the United States. It shut down much of the nation's freight and passenger traffic west of Detroit, Michigan.
    Great Pullman Boycott
  22. Leader of the American Railway Union, he voted to aid workers in the Pullman strike. He was jailed for six months for disobeying a court order after the strike was over.
    Eugene V. Debs
  23. an organization of common laborers and craft workers in a particular industry
    Industrial Union
  24. strike by workers in many different industries at the same time
    General Strike