BYRD BLESSINGS
Sole Proprietorship
What is: a one-owner business
James J. Hill
Who is: Associated with the Great Northern Railroad
Built in the late 1800's
What is: transcontinental railroad lines built across the American West
Central Pacific Railroad
What is: built eastward across the Sierra Nevada range
Sherman Antitrust Act
What is: legislation Congress passed in 1890 to stop the formation of trusts
First trust
What is: Formed in the oil industry; formed by John D. Rockefeller
Samuel Gompers
Who is: organized the American Federation of Labor
Injunction
What is: used to stop a strike
Holding Company
What is: business that buys stock to control businesses in an industry and makes decisions in the interest of the entire group
Union Pacific Railroad
What is: built in the late 1860's by Irish workers and war veterans
Potato blight
What is: a condition that caused many immigrants to come from Ireland in the 1840's
Ellis Island
What is: Way many Immigrants entered the United States
American ingenuity
What is: brought about large numbers of patented inventions in the late 1800's
Collective Bargaining
What is: a right labor unions were eager to acquire
American Federation of Labor
What is: a group of local unions composed of skilled laborers
China
What is: The Exclusion Act of 1882 was passed because of the large amount of immigrants
Cornelius Vanderbilt
Who is: created a railroad empire from New York City to the Great Lakes
Trust
What is: a supersized corporation of combined businesses
Central Pacific
What is: first transcontinental railroad linking with the Union Pacific line
Social Darwinists
What is: believed that driving weak competitors out of business was part of the struggle for survival
Laissez-faire
What is: policies closely associated with capitalism
Knights of Labor
What is: an older union open to all workers
Great Northern Railroad
What is: a transcontinental line built in the northern United States and Canada
Interstate Commerce Act
What is: direct railroads to set "reasonable rates"
prevent charging more for short runs than long runs
form the Interstate Commerce Commission
Pure Capitalism
What is: competition may drive weak competitors out of business
people are free to invest in businesses and make profits
private citizens are allowed to go into business