Homestead Act (1862)
Gave settlers 160 acres of free land for a $10 registration fee if they lived on it and farmed it for 5 years.
Pacific Railway Act (1862)
congress passed a law to give land and money to companies to build the transcontinental railroad
Where did the Transcontinental Railroad meet?
Promontory Summit, Utah (1869).
What immigrant labor made the railroad possible?
Chinese immigrants (very mistreated) and Irish immigrant labor
Dakota Uprising of 1862
native americans attack settlers (leads to war) 38 chiefs & warriors are executed largest US execution ever Sand Creek Massacre (1864)
Led by John Chinvington U.S. troops killed peaceful Cheyenne and Arapaho people, mostly women and children.
Black Hills & Sioux Reservation
The Black Hills were sacred to the Sioux; the U.S. took them after gold was discovered.
Custer’s Last Stand (1876)
Custers unit is killed by Sioux Warriors
US now pushes efforts to force all Natives onto reservations Assimilation
Forcing Native Americans to adopt white American culture and give up their traditions.
Boarding Schools
Schools where Native children were sent to erase their culture and language and to act as the whites.
Wounded Knee (1890)
last major conflict between US army and Natives
200-300 natives killed
Panic of 1893
banks went out of business collapse of the Philadelphia and Reading Railroad compared to the great depression Business & Industrialization
Entrepreneur
A person who organizes & operates a business
Proprietorship
A business owned by one person.
Partnership
A business owned by two or more people.
Corporation
A group authorized to act as a single entity, recognized by law
Andrew Carnegie
Steel tycoon; believed in philanthropy and the “Gospel of Wealth.”
Investment Capital
Money used to start or expand a business.
Henry George
Reformer who believed poverty was caused by land monopolies; supported land tax.
ran for mayor of NYC didn’t run for republican or democrat wrote a book called progress and poverty about how our country should have super rich and then very poor J. P. Morgan
Powerful banker who financed and controlled major corporations.
Monopoly
When one company controls an entire industry.
John D. Rockefeller
Oil tycoon who built a monopoly.
Standard Oil Company
Rockefeller’s company that controlled most U.S. oil refining.
Bribes
Illegal payments to influence decisions.
Kickbacks
Secret payments for favors or contracts.
Henry Clay Frick
Top manager for Andrew Carnegie
kick out the union workers out of factory Homestead Steel Strike (1892)
Henry Clay Frick lowers workers pay by 20% Frick hires a private security force and brings new workers and killed 20 The government sides with Carnegie 100% over the union Labor & Workers
Typical working hours
12 hours per day.
Days per week
6 days a week.
Three goals of labor unions
Better pay, shorter hours, safer working conditions.
Trade unions
Unions for skilled workers in the same trade.
Industrial unions
Unions for all workers in one industry (skilled + unskilled).
Samuel Gompers
Leader of the American Federation of Labor (AFL
wanted them built by skills ex: smiths, carpenters, etc. Lockout
Employers prevent workers from working.
Strike
Workers stop working to demand change.
Politics & Corruption
Tammany Hall
political machine organization used to control the politics in NYC
controlled votes and patronage
Boss Tweed
Leader of Tammany Hall
gave jobs to immigrants/workers to ensure democratic vote imprisoned for stealing tax payers money Political machine
Organization that controls politics through favors and corruption.
How politicians enriched themselves
gave jobs to supporters for money and loyalty used their position to make money through deals Two ways President Trump enriched himself while in office
Selling Crypto Currency to other nations documentary made on Melania Trump Populism & Economic Crisis
Panic of 1893
Severe economic depression causing unemployment and bank failures.
Mary Elizabeth Lease
Biggest speaker/advocate for the populist movement (farmers)
People’s Party / Populist Party
Political party representing farmers and workers.
Coxey’s Army
A March on the nations capital from Ohio to Washington DC
providing work to people with no jobs response to the Panic of 1893 Key Populist reforms
Silver as part of the currency Government control of railroads Asking to government to break up the monopolies Gilded Age Society
Why Alva Vanderbilt was snubbed
She got divorced which was almost unheard so they banished her from the society basically
Why they accepted her later
Her daughter married the duke of marlborough
Election of 1896 & Currency Debate
Gold Standard
Gold backing paper money
less $$ in circulation
business interests benefit from this
Gold and Silver
more money in circulation
mild inflation that helps circulation and working people
Silver-backed currency (Free Silver)
Money backed by silver to increase money supply.
William Jennings Bryan
Populist/Democrat; supported free silver.
William McKinley
Republican; supported gold standard and big business.
Election of 1896
Major turning point; McKinley won, business interests dominated politics.
Social Darwinism: took the ideas of Darwinistic science and tried to apply it to countries
just like some species are advancing because they’re more fit that can apply to countries as well