Ch. 24

1 ) Leland Stanford- He was among the " Big Four" whom backed the Central Pacific cycles Railroad. He was the ex-governor of Washington dc with beneficial political links.

2 . Collis P. Huntington- He was among the " Big Four" who was an successful lobbyist.

several. James J. Hill- This individual created the Superb Northern train and was the very best railroad designer of all time.

4. Cornelius Vanderbilt- He was the head of New York Central train and this individual financed successful western railroads.

5. The writer Gould- He made millions of dollars by simply embezzling stocks from a number of railroad companies.

6. Alexander Graham Bell- He made the telephone which in turn launched a modern age.

7. Jones Edison- Having been the " Wizard of Menlo Park" who created the electric-light bulb together many other innovations as well.

almost eight. Andrew Carnegie- He employed vertical the usage, mined, transported, and refined iron/steel to increase profits. This individual donated $350 million to charities, your local library.

9. John D. Rockefeller- He applied " horizontal integration" and allied with or bought out opponents to gain a monopoly; monopolized oil.

15. J. Pierpont Morgan- Selection a fortune in banking and Wall Street, He bought Carnegie's steel company at $400 million and turned it into Usa Steel Organization, the world's first billion dollar corporation. He employed interlocking directorates.

11. Terence V. Powderly- He was the best choice of the Knights of Labor; eloquent, although inconsistent.

12. John L. Altgeld- A Democrat, texas chief of Illinois, pardoned three or more Knights of Labor after a bombing episode.

13. Samuel Gompers- This individual founded the American Federation of Labor and required better salary, hours, and working circumstances.

14. Land grant- This was given by the federal government to railroad companies to make railroads on; encouraged many railroads, including multiple transcontinental railroads.

15. Stock watering- This was a method of cheap money making; over-inflated train stocks then sold these people at large profits.

sixteen. Pool- They were modern day concentration; group of competitors working together usually to set prices.

seventeen. Rebate- This helped the wealthy although not the poor; railroad barons provided them to powerful shippers in exchange for utilizing their railroads regularly.

18. Straight integration- This is controlling the whole production series to maximize earnings e. g. mining, delivery, and refining iron.

19. Horizontal integration- This was manipulating the entire industry to maximize income e. g. creating a monopoly.

20. Trust- These were large, monopolistic organizations.

21. Interlocking directorate- It was a process of placing guys from your firm on the table of directors of different competing businesses to gain affect and reduce competition.

22. Capital goods- They were goods utilized to make other goods.

twenty-three. Plutocracy- It was rule by wealthy; cash equals electrical power.

24. Injunction- This was a technique used by businesses to handle strikes; a court order against strikers to get them to stop striking.

twenty-five. Union Pacific Railroad- It was the asian side from the first Transcontinental Railroad; commissioned by Our elected representatives in 1862.

26. Central Pacific Railroad- This was the western part of the initial transcontinental train; used Chinese language workers.

27. Grange- It was formed by simply farmers in order to avoid corruption, including the railroad monopoly; they were ceased after the Wabash case judgment.

28. Wabash case- It was a Supreme Court circumstance that lead to a big diminishment of state legal rights in 1886 involving interstate commerce.

29. Bessemer process- This was the first economical industrial procedure for the mass development of metallic and this halloween iron, patented in 1855.

30. Usa Steel- This was the first billion dollars corporation, $1. 4 billion dollars, larger than the total sum of wealth in the nation in 1800.

23. Gospel of wealth- This is an article written by Claire Carnegie, covers how we need to ensure that big bucks gets to those who will...


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