Vocabulary
Corporations
Monopolies
Monetary Theorie
Labor Unions
100
the term that refers to people who invest money in a product in order to make a profit
What is entrepreneurs?
100
a business organization that promotes the raising of capital from investors who buy stock
What is a corporation
100
A deceitful way of referring to a monopoly
What is a trust?
100
the theory that there should be little gov't regulation of business
What is laissez-faire?
100
the reason unions are formed and still exist
What is to help workers with working conditions and fair wages?
200
the term that refers to little or no government intervention in the economy (little regulation of business)?
What is laissez-faire?
200
owners of a corporation
Who are public shareholders?
200
technique used by Rockefeller when he created a monopoly of the oil refineries?
What is horizontal integration?
200
The man who built thousands of libraries
Who is Andrew Carnegie?
200
the first union that had high ideals and allowed all to become members
What is the Knights of Labor?
300
Bessemer Process
What is the technique developed to make steel stronger, quicker, and more cheaply?
300
Reason why people feel more safe investing in a corporation
What is because investors do not lose more than they pay for shares of stock?
300
The monopolist of the railroads
Who is Cornelius Vanderbilt?
300
the belief that people can be rich but they have a responsibility to give money to the poor
What is social gospel of wealth?
300
a technique used by workers to get better benefits when negotiation did not work
What is strike?
400
a society in which people of different nationalities assimilate to form one culture?
What is a melting pot?
400
Corporations have access to large amounts of capital from selling stock.
What is the biggest advantage of a corporation?
400
The negative term used to refer to the monopolists of the late 1800s
Who are the robber barons?
400
the belief that the wealthy are better people and should make the economic decision without hindrance from gov't
What is social darwinism?
400
An early strike that was not successful and not backed by gov't
What is the Homestead Steel strike, Pullmann strike, or Haymarket riot?
500
a technique used by the government to promote American business over foreign business?
What is a protective tariff?
500
the payment given to shareholders when a corporation makes a profit.
What is a dividend?
500
the person who monopolized finance and banking in the late 1800s
Who is J.P. Morgan?
500
the beautiful, cool word for one who practices social gospel of wealth
Who is a philanthropist?
500
the man who formed the American Federation of Labor that focused on "bread and butter" issues with skilled workers only
Who is Samuel Gompers?
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