Vocabulary
DOUBLE JEOPARDY
This is a business that sells stock shares for people to invest in their company
What is a corporation
Alexander Graham Bell invented this invention
What is the telephone
This is how monopolies harm consumers (those buying products or goods)
What is they eliminate competition and allow for high prices.
In this year (between 1880-1900) union membership was at its highest and with this union
What is 1886- Knights of Labor
This is why workers formed unions in the late 1800s
What is unions gave workers more power to negotiate better conditions with business owners.
This is the definition of a patent
What is the exclusive right to sell an invention
Who is Thomas Edison
John D Rockefeller monopolized this industry
What is the oil industry
This is the problem this political cartoon criticizes
What is monopolies/trusts have too much power over the government
This is how many assembly lines managers managed their employees
What is screaming, being mean, physical abuse, and/or forcing them to go faster,
Andrew Carnegie monopolized this industry
What is the steel industry
This is the process that made steel production much more quickly and cheaper
What is bessemer process
DOUBLE JEOPARDY!
This is a factor affecting the industrial growth in the United States
What is N.R., high immigration, and/or new inventions
This is the cartoonist’s message about monopolies
What is monopolies are dangerous because they can have great power over government and the government cannot stop them.
What is large amount of injuries, child labor, and/or low wages
This is the definition of horizontal integration
What is when a business owns several other businesses in the same market
This invention light up homes and factories allowing people to complete chores at night
What is the light bulb
This is how corporations raise money
What is by selling stock, a corporation can raise large amounts of money to invest in the business.
This is how this cartoon can be changed to show the government controlling monopolies
What is make the government officials bigger to show that the government has control on the trusts.
This is what the American Federation of Labor (AFL) accomplished
What is it eventually won shorter hours and better pay for its workers.
This is the definition of vertical integration
What is when a company owns the processes needed to make/sell their product
This invention allowed for goods to be created quickly and cheaply
What is the assembly line
This is the reason why many business leaders agree with the theory of social darwinism
What is it made them feel like they deserved to be rich and the poor deserved to be poor.
This is a likely explanation for the decrease in union membership for the Knights of Labor and the American Railway Union
What is workers were afraid of the violence connected with the Haymarket Riot and Pullman Strike.
DOUBLE JEOPARY!
This is how the labor union movement affected by the Haymarket affair
What is the public saw the union movement as radical and violent and did not trust it.