WITH CORRECT ANSWERS GRADED
A+
◍ War of 1812.
Answer: War which West and South wanted, but Northeast did not;between
the United States and England which was trying to interfere with American
trade with France, was continuing practice of impressment, and was
supporting Native American resistance to American settlement in the west
◍ laissez faire.
Answer: Economic liberalism that believes in unrestricted private enterprise
and no government interference in the economy.
◍ James Fenimore Cooper.
Answer: Wrote The Leatherstocking Tales which included The Last of the
Mohicans
◍ Social Darwinism.
Answer: The application of ideas about evolution and "survival of the
fittest" to human societies - particularly as a justification for their imperialist
expansion.
◍ The American System.
Answer: an economic plan for the country:(B.T.T.) 1. Strong banking
system.2. Set up a protective tariff to boost American industry.3. Build a
strong transportation network of roads and canals.
◍ JP Morgan.
Answer: An influential banker and businessman who bought and
reorganized companies. His US Steel company would buy Carnegie steel
and become the largest business in the world in 1901
,◍ John D Rockefeller.
Answer: Established the Standard Oil Company, the greatest, wisest, and
meanest monopoly known in history
◍ Panic of 1819.
Answer: cause of this was over-speculation (buying too much on credit) in
land; the West was hit the hardest
◍ Andrew Carnegie.
Answer: A business man that increased his power through by gaining
control of the many different businesses that make up all phases of steel
production development.
◍ Steamboat.
Answer: This invention made two-way river travel possible (boats could go
upstream)
◍ Horizontal Integration.
Answer: A technique used by John D. Rockefeller. It is an act of joining or
consolidating with ones competitors to create a monopoly. Rockefeller was
excellent with using this technique to monopolize certain markets. It is
responsible for the majority of his wealth.
◍ Vertical Integration.
Answer: Practice where a single entity controls the entire process of a
product, from the raw materials to distribution. Company took over all
different businesses on which it relied for its primary function (Carnegie
Steel came to control not only steel mills but mines, railroads, etc)
◍ Robber baron.
Answer: Refers to the industrialists or big business owners who gained huge
profits by paying their employees extremely low wages. They also drove
their competitors out of business by selling their products cheaper than it
cost to produce it. Then when they controlled the market, they hiked prices
high above original price.
, ◍ Tallmadge Amendment.
Answer: limit slavery in Missouri:• no more slaves be allowed into
Missouri• that slaves born to Missouri slave parents would gradually
emancipated
◍ Sherman Anti-Trust Act 1890.
Answer: First federal action against monopolies, it was signed into law by
Harrison and was extensively used by Theodore Roosevelt for trust-busting.
However, it was initially misused against labor unions
◍ Conspicuous Consumption.
Answer: Buying and using products because of the "statement" they make
about social position
◍ Missouri Compromise.
Answer: • Missouri would be admitted as a slave state; Maine would be
admitted as a free state• All new states north of the 36°30' line would be
free, new states southward would be slave
◍ McCulloch vs. Maryland (1819).
Answer: The "Elastic Clause Case"Said that the Constitution had been
written in more general terms rather than specific, and therefore could be
interpreted.
◍ Gilded Age.
Answer: 1870s - 1890s; time period looked good on the outside, despite the
corrupt politics & growing gap between the rich & poor
◍ Cohens vs. Virginia (1821).
Answer: The "Lottery Case"Supreme Court showed it had the power to
review state court decisions
◍ Gibbons vs. Ogden (1824).
Answer: The "Steamboat Case"The Constitution says that only Congress can
regulate interstate trade
◍ Fletcher vs. Peck (1810).