-
Period: to
Time Period 6
-
Purchase of Alaska
The Russian Federation sold Alaska to the U.S. for 7.2 million dollars back then. Russia feared if war broke out with Britain that Alaska would be captured and taken over. -
Laissez-faire capitalism
Also referred to as free market capitalism or market capitalism. The government should remain out of the economy and instead allow individuals to freely carry out their own economic affairs. -
Horizontal Integration
Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain. -
2nd Industrial Revolution
The Second Industrial Revolution was a period when advances in steel production, electricity and petroleum caused a series of innovations that changed society. More industrial machines were built. -
Standard Oil
Standard Oil Co. Inc. was an American oil producing, transporting, refining, marketing company. Established in 1870 by John D. Rockefeller and Henry Flagler as a corporation in Ohio, it was the largest oil refiner in the world of its time. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration. -
Panic of 1873
financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 until 1877, and even longer in France and Britain. Panic was known as the "Great Depression" until the events of the early 1930s set a new standard. -
Grange Movement
The Patrons of Husbandry, or the Grange, was founded in 1867 to advance methods of agriculture, as well as to promote the social and economic needs of farmers in the United States. -
Social Gospel
Christian faith practiced as a call not just to personal conversion but to social reform. -
Social Darwinism
Now largely discredited, social Darwinism was advocated by Herbert Spencer and others in the late 19th and early 20th centuries and was used to justify political conservatism, imperialism, and racism and to discourage intervention and reform. -
Tammany Hall
It was the Democratic Party political machine that played a major role in controlling New York City and New York State politics and helping immigrants, most notably the Irish, rise in American politics from the 1790s to the 1960s. -
Pendleton Act 1881
President Chester Arthur signed into law the Pendleton Civil Service Reform Act, which established the principle that federal jobs should be awarded on the basis of merit rather than through political connections. -
Chinese Exclusion Act
The Chinese Exclusion Act was an immigration law passed in 1882 that prevented Chinese laborers from immigrating to the United States. -
Wabash v Illinois
Wabash Case, popular name for Wabash, St. Louis & Pacific Railroad Company v. Illinois, decided by the U.S. Supreme Court in 1886. The result of the case was denial of state power to regulate interstate rates for railroads, and the decision led to creation of the Interstate Commerce Commission . -
Dawes Act 1887
An Act to Provide for the Allotment of Lands in Severalty to Indians on the Various Reservations. -
Ocala Platform 1890
The Ocala convention called for the abolition of national banks; the establishment of sub-treasuries or depositories in every state, which would make low interest direct loans to farmers and property owners; the increase of money in circulation to not less than $50 per capita. -
Omaha Platform
The Omaha Platform suggested a federal loans system so that farmers could get the money they needed. Called for the elimination of private banks. The platform required a system of federal storage facilities for the farmers' crops. -
Panic of 1893
serious economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the realigning election of 1896 and the presidency of William McKinley. -
Pullman strike
Strike affected rail transportation nationwide, essentially bringing American business to a halt. The federal government became involved, with federal troops being sent to open railroads. The economic depression of 1893 set the conditions for the Pullman Strike of 1894. -
Plessy v Ferguson
Plessy v. Ferguson was a landmark 1896 U.S. Supreme Court decision that upheld the constitutionality of racial segregation under the “separate but equal” doctrine. Ruled constitutional. -
“Cross of Gold” Speech
Delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago. At the time, the Democratic Party wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard.
