Test 2 study guide

Test 2 study guide - Industrialization 1. Laissez-Faire...

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Industrialization 1. Laissez-Faire – transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies (encouraged industrial growth) 2. Imperialism – desire for resources and markets for American goods (impact of wars on industry) 3. Banks in the Northeast extended credit to investors and railroads were rebuilt with extraction in mind(The New South) 4. Commercial Farming – farming performed on a large scale; tobacco, cigarettes (New South Industries) 5. Crop Lien – a way for farmers to get credit before the planting season by borrowing against the value for anticipated harvests = cycle of debt (Mechanized Farming in the West) 6. Rise of industry paralleled by growth of union membership and power (Labor Unions in the US) 7. Knights of Labor – welcomed all labors, no restrictions; American Federation of Labor – ended riots; Congress of Industrial Organizations – organized by industry = sends a message to owners that they cannot function without laborers (“Close” of Frontier helped unions) 8. Alfred T. Mahan Spanish-American War – 1898 1. U.S. covets Cuba 2. Goes to war with Spain to “help Cuba’s independence struggle” 3. U.S. motivation (struggle) v. U.S. Justification (political) 4. Outcome 5. Rough Riders - members of a volunteer regiment of cavalry organized by TR for service in the Spanish-American War 6. American industries wanted Asian raw materials 7. Acquires Panama Canal by helping Panama gain independence from Columbia 8. Latin Americans view US as bully 9. Platt Amendment in Cuba – US investors pour capital into Cuban investments and this allows US intervention, domination of trade, US acquires naval base at Guantanamo, Cuba 10. Cuba becomes a virtual colony until 1959 Cuban revolution under Fidel Castro 11. “Rape of Panama” 12. Monroe Doctrine (and Roosevelt Corollary) – the US will intervene to prevent European intervention in Latin America World Empires and World War 1. Major World Empires: Great Britain, France, United States (informal empire in Latin America), Russia (contiguous from Europe to Pacific to Black Sea, meaning expanded on land)
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2. Lesser World Empires: Germany, Austria-Hungary, Turkey (Ottoman Empire) a. All had a goal of wanting to contain Germany from expanding
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This note was uploaded on 11/08/2010 for the course HIST 2110 taught by Professor Koontz during the Spring '08 term at Georgia State.

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Test 2 study guide - Industrialization 1. Laissez-Faire...

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