USHC-4 Unit 5 Vocab

The Dawes Severalty Act was a success in assimilating Native Americans into US society/culture

Process of producing goods in large #s to charge less and still make profit

Businessmen used this argument to justify their business practices. "Survival of the fittest"

1890 South Dakota- last notable armed conflict between Native Americans and US government.

Attempt to assimilate Native Americans into US society. Took away tribal organizations/land.

Company buys out all of its competition. Type of monopoly

Men in charge of big businesses. 1st for RR then for other industries. Negative title-criticism

Formed US Steel after purchasing from Carnegie. Finance capitalist.

1819 SCOTUS case that upheld sanctity of contracts

Written by Carnegie to say rich have responsibility to be philanthropists

Business leaders used this tactic to improve their public image by giving to charity

Native American religious dance. NA viewed it as tradition, US govt viewed it as a threat

Companies unite into one system (company) and it destroys competition- creates a monopoly

Nation's first trust

Inventor most known for the lightbulb.

Dominated the steel industry. Used vertical integration and monopolies. Richest man in world

Figure in railroad industry. New York Central Railroad. Routes from NY to Chicago.

Men in charge of big businesses. People who viewed them in a positive way would use this

Business controls all means of production. From raw materials to distribution.

Formed Standard Oil which was the nation's 1st trust. Made his fortune in oil.

Means of production/businesses are privately owned. Economic system in the USA

Financial support from government to industries & farmers to help keep prices low

Social process of dominant cultural group absorbing another group

Land set aside from the government for Native Americans.

Railroad joined in 1869. Linked the nation by railway from east to west

1876 Montana- US Cavalry attacks Indian encampment. Most of US forces wounded/die

Only one supplier of a product in a market- no competition

Revolutionized the auto industry with assembly line and mass production techniques

1824 SCOTUS case- regulation of interstate commerce is a power reserved to federal government