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Inventor and businessman. He developed many devices that greatly influenced life around the
world, including the phonograph, the motion picture camera, and a long-lasting, practical electric
light bulb. Thomas Edison
Was a Scottish American industrialist who led the enormous expansion of the American steel
industry in the late 19th century. He built a leadership role as a philanthropist. He gave away to
charities and foundations about $350 million. Founder of Carnegie Steel who became the leader
in the nation's steel industry Andrew Carnegie
Was an American industrialist and philanthropist. He was the founder of the Standard Oil
Company, which dominated the oil industry and was the first great U.S. business trust. He
revolutionized the petroleum industry and defined the structure of modern philanthropy.
John D. Rockefeller
An economic method that had other companies assigns their stocks to the board of trust who
would manage them. This made the head of the board, or the corporate leader wealthy, and at the
same time killed off competitors not in the trust. This method was used/developed by
,Rockefeller, and helped him become extremely wealthy. It was also used in creating monopolies.
Trusts
Is being the only one in a given selling a specific product, or having exclusive control over a
certain thing, or the trade mark of a board game where the aim is to buy properties on the board
and then build hotels on those properties. Monopoly
First federal action against monopolies, it was signed into law by Harrison and was extensively
used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor
unions Sherman Antitrust Act
a national labor association and led by Samuel Gompers; an alliance of skilled workers in craft
unions; concentrated on bread-and-butter issues such as higher wages, shorter hours, and better
working conditions. American Federation of Labor
Head of the American Federation of Labor (AFL). For 38 years, he worked for the AFL, making
it a major force in the industrial world. He believed that if workers make good pay, it will make
everyone prosperous. He believes in fair wages for all. Samuel Gompers
,1892, A strike at a Carnegie steel plant in Homestead, P.A., that ended in an armed battle
between the strikers, three hundred armed "Pinkerton" detectives hired by Carnegie, and federal
troops, which killed ten people and wounded more than sixty. Homestead Strike
Pullman Palace Car Company cut wages while maintaining rents and prices in a company town
where 12,000 workers lived; halted a substantial portion of American railroad commerce; ended
when President Cleveland ordered federal troops to Chicago, ostensibly to protect rail-carried
mail, but in reality, to crush the strike. Pullman Strike
This was a belief held by many that stated that the rich were rich and the poor were poor due to
natural selection in society. Social Darwinism
The process of people moving to cities. Urbanization
Originally referred simply to a multiple-family rental building; in late 1800s, used to describe
slum dwellings only. Had many windowless rooms, little or no plumbing or central heating, &
perhaps a row of privies in the basement Tenement
, A political organization in which an authoritative boss or small group commands the support of a
corps of supporters and businesses, who receive rewards for their efforts. Political
Machine
Was powerful New York political organization. It drew support from immigrants. The
immigrants relied on Tammany Hall patronage, particularly for social services. This is significant
in that it gave immigrants rights to vote. Tammany Hall
An American politician most notable for being the "boss" of Tammany Hall, ran the New York
City Democratic party in the 1860s and swindled $200 million from the city through bribery,
graft, and vote-buying. He was eventually jailed for his crimes and died behind bars. Boss
Tweed
Immigrants from southern and eastern Europe who formed a recognizable wave of immigration
from the 1880s until 1924, in contrast to the wave of immigrants from western Europe who had
come before them. These new immigrants congregated in ethnic urban neighborhoods, where
they worried many native-born Americans, some of whom responded with nativist attitudes
"New Immigrants"