Iron horse: locomotive
Central Pacific: RR among California and Utah
Union Pacific: premiere RR franchise
Interstate Trade Act: In 1887, Congress passed the Interstate Business Act which will created the Interstate Commerce Commission payment, the 1st true national regulatory firm. It was made to address the problems of train abuse and discrimination and required this: * Shipping and delivery rates needed to be " fair and just"
* Rates had to be published
* Key rebates were outlawed
5. Price splendour against tiny markets was made illegal Interstate Commerce Commission rate: regulating the rates and services of specified companies Vertical Integration: the charge of all facets of production through the mining of raw materials to the selling with the final item Ex: ANDREW CARNAGIE
Horizontal Incorporation: building a trust by eliminating competition Trust: A particular trust or business trust is a organization entity produced with intent to monopolize business, to restrain trade, in order to fix prices The Bessemer Process: The Bessemer procedure was the first inexpensive professional process for the mass-production of metallic from molten pig flat iron The Gospel Of Riches: Andrew Carnegie wrote this about the responsibilities of the wealth and exactly how they should ensure that the poor help themselves Cultural Darwinism: notion of success of the fittest, eliminating the unfit rewards the society, people who are poor have a deficiency within their gene pool area AMERICAN FEDERATION OF LABOR (AFL): SAMUEL GOMPERS, skilled personnel only, loaf of bread and butter improvements only, they demanded less and were traditional Haymarket Sq: Chicago needed an almost eight hour workday, bomb proceeded to go off and civilians and officers were killed, triggered downfall of knights of labor because one of the potential foods had a knights of labor card Knights in battle of Labor: TERRENCE Sixth is v POWDERLY, included blacks and women, bread and butter improvements and long-term political change Industrial Staff of the World/ Wobblies:...