Items to Review – Kennedy, Chapter 24

Federal government intervention in business

Union Pacific and Central Pacific Railroads

What helped standardize the railroads?

Significance of the new railroad industry?

Bessemer process

Thomas Edison

Cornelius Vanderbilt

Jay Gould

Andrew Carnegie (Steel)

“Gospel of Wealth”

John D. Rockefeller and Standard Oil Company

J.P. Morgan

Stock watering

“Pool” agreements, interlocking directorates, trusts

Vertical vs. Horizontal integration (examples)

Munn v. Illinois

Wabash v. Illinois

Interstate Commerce Act of 1887 and the Interstate Commerce Commission

Yellow dog contracts

National Labor Union

Knights of Labor

American Federation of Labor