APUSH Gilded Age Romulus P1

a multi-dwelling building, often poor or overcrowded

• Horizontal Integration

• Created by JP Morgan by merging with Carnegie Steel

• tenement

• Largest corporation in existence at the time

Strategy to maximize profits by attempting to own every step of the manufacturing process (ex. Carnegie Steel)

• Founded by Samuel Gompers

• Vertical Integration

• in US History associated with the Free Silver movement

• Great philanthropist

Strategy to maximize profits by attempting to purchase competing companies in the same industry; monopoly-building (ex. Rockefeller's Standard Oil)

• Captains of Industry

• 1st national park

• Horizontal Integration

• Henry Frick (manager) announced pay cut

Violent labor conflict in Carnegie's mills

• Created the Interstate Commerce Commission (ICC) to regulate railroads to be fairer to farmers

• Homestead Steel Strikes

• Worked to improve conditions caused by poverty

• Co-winner of 1931 Nobel Peace Prize.

immigrants from southern and eastern Europe such as Poland, Italy, etc. that arrived in the US during & after the 1880s, also supported political machines

• William Jennings Bryan

• Worked to improve conditions caused by poverty

• "New Immigrants"

• Largest corporation in existence at the time

First law limiting immigration based on race; effectively stopped immigration from China through the end of WWII.

• Chinese Exclusion Act

• Sometimes referred to as a shadow government

• Drew support from angry farmers in the West and South and operated on the left-wing of American politic

• Gospel of Wealth

Unofficial political organization that works to win elections in order to exercise power

• Political Machine

• Homestead Act

• Drove competition out of business by selling goods much cheaper

• Tammany Hall

Political machine of New York City that was well-known for its corruption

• Hired Chinese laborers to complete the work

• Gospel of Wealth

• Tammany Hall

• Bessemer Process

Outlawed monopolistic business practices

• Strike had to be put down by state militia

• Social Gospel

• sweatshop

• Sherman Antitrust Act

Way to manufacture steel quickly & cheaply

• invention of barbed wire ended this idea and drove many small cattle ranches out of business and off their small plots of land

• Mainly from England and Northern Europe

• Report who pointed out terrible conditions of tenement houses

• Bessemer Process