WHO
Who invented the light bulb?
Thomas Edison
The _____________ made
many Americans wary of labor unions.
Haymarket Riot
Carnegie
Complete control of a product or supply.
Monopoly
All of these terms are associated with
the railroad industry.
Who invented the telephone?
Alexander G. Bell
halted nationwide railroad traffic and mail delivery.
Pullman Strike
He was ruthless Robber Baron who owned Standard Oil company.
Rockerfeller
Governments do not interferi in the workings of the free market.
Laissez-faire
This term is used to refer to a type of business organization created in the 19th century that was meant to eventually produce a monopoly.
Trust
A business leader whose means of amassing a personal fortune.
Capital of Industry
Private police were called in to quell fighting between workers and Carnegie Steel.
Homestead Strike
He came up with the idea of sleeper cars and dining cars for trains.
Pullman
Negotiation of wages and other conditions of employment by an organized body of employees.
collective bargaining
What is the term for buying out all of the competition in a particular industry?
horizontal integration
Who is the leader of the AFL?
Samuel Gompers
overworked and underpaid
poor conditions
many died of disease or malnutrion
Sweatshop
He owned railroads. He bought smaller companies to form his monopoly
Vanderbuilt
Taking over of all the different businesses on which a company relied for its primary function.
Vertical Integration
How did American industrial leaders accumulate wealth during the late 1800s?
by creating monopolies and establishing trusts
Successful industrialists whose business practices were often considered ruthless or unethical.
Robber Baron
Organized to secure better pay and conditions for workers
Unions
He was known as the "America's Greatest Banker"
JP Morgan
Combining of a number of firms engaged in the same enterprise into a single corporation, like a holding company.
Horizontal Integration
Businessmen such as John D. Rockefeller and Andrew Carnegie were sometimes referred to as
Robber Barons