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Chapter 19
The New Industrial Order
30
History
Undergraduate 1
10/12/2011

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Term
Social Darwinism
Definition
Philosophy which adapted the theory of evolution to principles of human society.
Term
Sherman Anti-Trust Act
Definition
1890 law which made illegal “every contract, combination . . . or conspiracy in restraint of trade.”
Term
Chicago
Definition
City in which the Haymarket Riot took place.
Term
Andrew Carnegie
Definition
Corporate genius and philanthropist who outlined the social responsibilities of the new American super-wealthy in the Gospel of Wealth.
Term
Pittsburgh
Definition
City most closely associated with Carnegie Steel.
Term
Karl Marx
Definition
Author of "Das Kapital" and the "Communist Manifesto."
Term
John D. Rockefeller
Definition
Founder of Standard Oil Company and most infamous of the Robber Barons.
Term
Edward Bellamy
Definition
Author of "Looking Backward."
Term
Eugene V. Debs
Definition
Head of the American Railway Union who was jailed for obstructing the mail and emerged from jail as a dedicated socialist.
Term
Samuel Gompers
Definition
Leader of the American Federation of Labor who became the most famous American labor organizer.
Term
Trust
Definition
A business arrangement in which owners of shares in a business turn over their shares to a board with power to control those businesses.
Term
Patent
Definition
A legal document issued by the government giving the holder exclusive rights to use, make, and sell a process, product, or device for a specified period of time.
Term
U.S. Steel Corporation
Definition
The nation’s first billion-dollar company; created by a series of mergers masterminded by J.P. Morgan.
Term
Titusville, Pennslyvania
Definition
Site of the first commercial oil well, drilled in 1859.
Term
Consumer Goods
Definition
Products such as food and clothing that fill the needs and wants of individuals.
Term
Horizontal Combination
Definition
A strategy of business growth that attempts to stifle competition by combining more than one firm involved in the same level of production, transportation, or distribution into a single firm.
Term
Standard Oil Company
Definition
The nation’s first trust, organized in 1882.
Term
Stock Exchange
Definition
A market at which shares of ownership in corporations are bought and sold.
Term
Socialism
Definition
The philosophy of social and economic organization in which the means of producing and distributing goods is owned collectively or by government
Term
Bessemer Process
Definition
A method of using huge converters to remove carbon from molten iron ore to make steel.
Term
Terence V.Powderly
Definition
Labor organizer who led the Knights of Labor as it became a powerful national organization.
Term
Haymarket Square
Definition
Site in Chicago, in 1886, of one of the most violent episodes in the conflict between labor and industry.
Term
Henry Clay Frick
Definition
Manager of the Carnegie Steel Company after Carnegie’s retirement.
Term
Frederick W. Taylor
Definition
Management expert who used time-and-motion studies to improve industrial efficiency and preached that higher productivity was the way to achieve higher profits.
Term
Great Railroad Strike
Definition
The first nationwide strike, in 1877, in which over 100 were killed and 1000 injured.
Term
American Federation of Labor
Definition
The first national federation of craft unions, formed in 1881, and reorganized in 1886.
Term
George Pullman
Definition
Owner of the Palace Car Company.
Term
Henry George
Definition
A journalist and self-taught economist who wrote "Progress and Poverty" (1879) and unsuccessfully ran for may of New York in 1886.
Term
Noble and Holy Order of the Knights of Labor
Definition
Secret fraternal organization formed by Philadelphia garment makers that gradually grew into a national labor organization.
Term
Homestead, pennsylvania
Definition
Location of a Carnegie steel mill where, in 1892, open war broke out between striking steel workers and strikebreakers hired by the corporation.
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