"Survival of the Fittest" is the business plan to allow some businesses to fail without government help. Only the "best" should remain open
SOCIAL DARWINISM
100
Buying a product in LARGE AMOUNTS to save on the price of each item. The cost for each becomes less
ECONOMY OF SCALE
100
Person who is ANTI-GOVERNMENT.
ANARCHIST
100
Private police hires by the Carnegie Steel Company to end a strike. They often used violence against striking employees
PINKERTONS
100
Steel company owner and philanthropist (gave money away) for public projects like libraries and schools.
ANDREW CARNEGIE
200
This construction project connected two sections of New York City in the 1880's. It became the symbol of "American Ingenuity" and could be seen from any part of NYC
BROOKLYN BRIDGE
200
Controlling the production of an item by owning all parts from raw material to delivering a completed product
VERTICAL CONSOLIDATION
200
During a strike, name given to a replacement worker
SCAB
200
Inventors, like Thomas Edison, used this ability to create new inventions and improve existing technology. This is a type of CLEVERNESS.
INGENUITY
200
The four areas set up across the United States to help with scheduling railroad times. They are Eastern, Central, Mountain and Pacific
TIME ZONES
300
This transportation network connected the entire country, coast to coast. Businesses could now sell products nation wide.
TRANSCONTINENTAL RAILROAD
300
Creating a NEW and BIGGER company by merging and joining smaller companies together
HORIZONTAL CONSOLIDATION
300
Negotiation talks between workers and business owners to decide on working conditions, hours and pay. The workers are usually represented by a UNION
COLLECTIVE BARGAINING
300
This man designed and began construction of the Brooklyn Bridge. This bridge became the symbol of AMERICAN INGENUITY
JOHN ROEBLING
300
During the INDUSTRIAL AGE, having a few fabulously RICH people and most others being very poor, without a good paying job.
UNEVEN RICHES
400
Businesses producing the same product that SECRETLY group together to LIMIT numbers of products made and the COST
CARTEL
400
A number of corporations that are run by a BOARD OF TRUSTEES, who set prices and try to put competitors out of business
TRUST
400
Belief that land, factories, farms should BENEFIT and be owned by all citizens, not just the rich
SOCIALISM
400
This man is credited with inventing the TELEPHONE
ALEXANDER GRAHAM BELL
400
The master inventor and tinkerer credited with over 100 money making patents. Included was the incandescent lightbulb
THOMAS EDISON
500
When a company seeks to ELIMINATE competitive businesses by dropping prices first and later raising prices when there is no other companies that make that product. This company becomes the only business to make an item
MONOPOLY
500
Factory work where you are paid by the number of COMPLETED items you make. The more you complete, the more money you make. Favors the younger and stronger worker.
PIECEWORK SYSTEM
500
Railroad strike where the government stopped the strike because it was affecting mail delivery. This decision had the federal government becoming involved with a private business, a railroad company
PULLMAN STRIKE
500
Riot that broke out at a labor rally in Chicago when a firebomb was tossed into a crowd. People were killed and hundreds were injured
HAYMARKET SQUARE
500
Name of Carnegie's steel plant in Pennsylvania where a long ang violent strike occurred in the 1890's