Wabash, St. Louis & Pacific Railroad Company v. Illinois - Railroad companies were increasing the prices for small farmers and the small farmers wanted help from the government in order to stop it. The Supreme Court then ruled that states could not regulate or interfere with interstate trade and commerce.
Interstate Commerce Act - This acted created the Interstate Commerce Commission which enforced the rule that big businesses, in this case railroad companies, to have standard rates be prohibited from rebates and pools. This allowed the government to partially regulate big businesses but businesses also used it to their own advantage.
Vertical Integration - An industrial business or company is in control of all the steps that is needed to be completed for the…show more content… This organization was known for helping all workers no matter a person’s race, skill level, or gender.
Haymarket Square - A bomb went off during a May Day rally which killed many people. The police arrested eight people on very thin evidence that they were involved, four of them were executed, one of them committed suicide and the rest were pardoned.
American Federation of Labor -The third attempt at a labor union that had only skilled workers but lasted much longer than the previous two attempts. They focused on negotiating for a better and new type of capitalism that helped workers.
Closed Shop - The AFL was known for the practice of allowing only Union workers to work at certain companies. The AFL would negotiate with the company in order for them not to hire any non-union members.
People to Know
Cornelius Vanderbilt - Vanderbilt first gained millions of dollars through the Steamboat industry but he later turned to the railroad industry. He officered railroad services and gained more millions of dollars. He also influenced the switch from iron railroads to steel
