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Carnegie steel corporation

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6 years ago

Date created

Mar 1, 2020

Cards (24)

Section 1

(24 cards)

Carnegie steel corporation

Front

this was the business started by Andrew Carnegie.

Back

what was Horatio Alger jr's moto

Front

if a person works hard, is honest, and never gives up that the person would be successful.

Back

Munn vs Illinois act

Front

this was a victory for the farmers when the courts ruled the public could have control in regards for prices if it was for the common good.

Back

captain

Front

the leader of an industry that dominates the industry for a product

Back

monopoly

Front

when a company eliminates all competition and is the only company selling a product.

Back

Social Darwinism

Front

this is the idea that the strongest business would survive and therefore deserved its success.

Back

was horatios moto true

Front

not necessarily, it isn't necessarily true because to make it big in business you cant always be honest about things so honesty wouldn't fit very well in his guide to being successful.

Back

time zone

Front

this consisted of eastern, central, mountain, &pacific

Back

central pacific

Front

this railroad company started in the west and built to the east.

Back

interstate commerce act

Front

this said railroad rates had to be ¨reasonable and just¨

Back

precedent

Front

this is a first of something or a standard for the future.

Back

Union Pacific

Front

this was a railroad company that started building in the east and built toward the west.

Back

pacific railroad act

Front

this gave 20 million acres of land and 60 million in loans to railroad companies.

Back

holding company

Front

this was when a company sold stock from its own company and used the money to buy competing companies.

Back

Credit Mobilier

Front

this construction company built the railroads and overcharged for labor, supplies, &materials

Back

Grange

Front

this was the group of farmers that tried to find more scientific methods of farming, but wound up fighting railroad rates.

Back

trust

Front

when stockholders gave temporary control of their stocks to another person/company in order to take control of that company.

Back

were captains also robber barons

Front

yes

Back

vertical integration

Front

this is defined as owning everything in the manufacturing process from start to finish.

Back

Andrew Carnegie

Front

this person dominated the steel industry

Back

name atleast 4 examples

Front

sugar, whiskey, lead, and salt

Back

merger

Front

this is when two or more companies become one larger company.

Back

robber baron

Front

these people not only look to get rich by improving their own businesses, but also by destroying others in the process.

Back

the Wabash case

Front

this said only the federal government could regulate railroad rates.

Back