What 3 industries grew as a result of demand for their products by the railroad?
steel, lumber, coal
What is a consolidation?
Combining different companies into one larger one.
Describe collective bargaining.
Unions who represent workers, talk with management of the company to get their needs met.
DOUBLE JEOPARDY Who are stockholders?
Stockholders own a corporation, but they do not make its day-to-day business decisions.
Why did American industry expand to the western part of the country during this time?
expansion of the railroads across the United States
What is the name of a court order to stop a labor union from striking?
injunction
What is the name of the philanthropist who built more than 2,000 libraries worldwide?
Andrew Carnegie
DOUBLE JEOPARDY How were railroad barons created?
by consolidating many small companies
Why did U.S. Attorney General Richard Olney order an injunction?
To stop the Pullman Strike
Describe the Pullman Strike.
Workers stopped traffic on many railroad lines until the federal courts ordered an injunction to get the workers to return to their jobs.
Describe a monopoly.
A monopoly is complete control of an industry.