the gilded age. transcontinental railroad the union pacific and central pacific companies began in...
TRANSCRIPT
The Union Pacific and Central Pacific companies began in Omaha and
Sacramento and met in Promontory Point in Utah to build this.
more direct routes, greater speed, greater safety and comfort, more dependable
schedules, a larger volume of traffic, and year-round service
Created by Henry Bessemer, it made increased steel production possible by
blasting air through molten iron.
A single company owns and controls the entire process from raw materials to the
manufacture and sale of the finished product
A Scottish immigrant who grew to monopolize the steel industry through vertical integration, but eventually sold
out to JP Morgan
Carnegie justified monopolies through social Darwinism and argued that the wealthy had a God-given responsibility to carry out projects of civil philanthropy for the benefit of society
A company that owns the stock of companies that produce goods, but
doesn't actually produce anything itself
Created the Standard Oil Company through the use of trusts/horizontal integration, vertical integration, hiring scientists, and
being thorough and ruthless.
Established by Uriah S. Stephens, platform included an 8 hour work day and
abolition of child labor; taken over by Powderly
Loose alliance of national craft unions calling for higher wages, shorter hours,
and better working conditions; established by Samuel Gompers
Court struck down a law limiting bakery workers to a 60 hour week and 10 hour
day because baking was safer than mining.
Workers campaigning for the 8 hour work day in Chicago called for a protest and police
intervention led to a bomb being thrown. Americans feared the labor movement and
anarchism