VOCAB
WHEN A COMPANY OWNS ALL THE LEVELS OR STEPS INVOLVED IN THE PRODUCTION OF A PRODUCT
WHAT IS VERTICAL INTERGRATION?
DAILY DOUBLE -WHO DID THIS? GIVE AN EXAMPLE.
THIS CONNECTED THE EAST COAST ALL THE WAY TO THE WEST COAST
WHAT IS THE "TRANSCONTINENTAL RAILROAD"?
10,000 CHINESE WERE HIRED TO WORK IN THIS INDUSTRY IN CALIFORNIA
WHAT IS THE RAILROADS?
POOLS, TRUSTS AND MONOPOLIES WERE ALL CREATED TO ELIMINATE THIS.
WHAT IS COMPETITION?
THE FED GOVT CREATED THE INTERSTATE COMMERCE COMMISSION AS A RESULT OF THE SUPREME COURT CASE WABASH V ILLINOIS TO DO THIS
WHAT IS REGULATE BUSINESS AND TRADE THAT GOES BETWEEN ONE STATE AND ANOTHER ?
POOLS ARE WHEN COMPANIES AGREE TO SET OR KEEP THESE AT A HIGHER AMOUNT
WHAT ARE PRICES ?
HE STARTED A COMMUNICATION REVOLUTION WHEN HE TOOK A PATENT OUT ON THE TELEGRAPH
WHO IS SAMUEL MORSE ?
DAILY DOUBLE-WHAT IS A PATENT?
SOME SHARECROPPERS STARTED OUT AS "THIS" OF FARMER FIRST
WHAT IS A TENANT FARMER?
SUPPORTERS OF LAISSEZ-FAIRE CAPITALISM THINK THAT POOLS AND COMBINATIONS CAN NOT BE STOPPED BY THE USE OF THESE
WHAT IS LAWS/POLITICAL LEGISLATION?
DAILY DOUBLE- WHAT THEORY STATED IT WAS NATURAL SELECTION WHY SOME BUSINESSES SUCCEEDED AND OTHERS FAILED?
SUPPORTERS OF THIS PHILOSOPHY BELIEVED THAT THE SMARTEST AND STRONGEST WOULD SUCCEED AND GROW RICH IF THE GOVT DID NOT INTERFERE IN THE ECONOMY
WHAT IS SOCIAL DARWINISM ?
DAILY DOUBLE-WHO'S IDEA DID THEY APPLY?
WHEN A SINGLE COMPANY OWNS OR CONTROLS AN ENTIRE INDUSTRY
WHAT IS A MONOPOLY?
A NEW AGE OF AMERICAN CONSTRUCTION BEGAN AS THIS NEW PROCESS OF MAKING STEEL CAME TO AMERICA?
WHAT IS THE BESSEMER PROCESS?
THIS IS WHAT YOU CALLED SOME WORKERS WHO WERE AGAINST ALL FORMS OF GOVERNMENT
WHAT IS AN ANARCHIST?
DAILY DOUBLE-WHY ARE THEY AGAINST ALL FORMS OF GOVT?
BUSINESSES LEADERS USED/DID THIS TO INFLUENCE AMERICAN POLITICS
WHAT IS GIVING $/WEALTH ?
THE FEDERAL GOVT OFTEN USED TROOPS TO END THESE
WHAT ARE STRIKES ?
THIS IS WHAT CRITICS CALLED INDUSTRIAL LEADERS THAT THEY DID NOT LIKE
WHAT IS A ROBBER BARON?
DAILY DOUBLE-WHAT IS THE ANTONYM OF A ROBBER BARON?
A CONCERN WAS THAT INDUSTRIAL WEALTH LED TO A CONCENTRATION (NEARLY ALL IN THE SAME PLACE) OF THIS BEING HELD IN THE HANDS OF A SMALL # OF INDUSTRIAL LEADERS
WHAT IS WEALTH/MONEY?
THE HAYMARKET RIOT HURT MEMBERSHIP IN THIS EARLY UNION?
WHAT IS THE KNIGHTS OF LABOR?
THE GROWTH OF RAILROADS, BRIDGES AND BUILDINGS FROM 1885-1895 LED THIS INDUSTRY TO BOOM
WHAT IS THE STEEL INDUSTRY?
DAILY DOUBLE- WHO?
THIS ACT WAS CREATED TO GIVE THE GOVT THE POWER TO ELIMINATE ABUSES BY THE RAILROAD COMPANIES
WHAT IS THE INTERSTATE COMMERCE ACT?
DAILY DOUBLE-WHAT DID IT CREATE?
IN A LAISSEZ-FAIRE ECONOMY, SUPPLY AND THIS SHOULD DETERMINE PRICES
WHAT IS DEMAND?
NEW MACHINES AND INDUSTRIALIZATION LED TO AN INCREASE IN "THIS" PER WORKER PER HOUR
WHAT IS PRODUCTIVITY?
THIS IS WHAT HAPPENED TO THE SIZE AND POWER OF SOME BUSINESSES FROM 1865-1900
WHAT IS GOT BIGGER ?
UNLIKE SMALL BUSINESSES, BIG BUSINESSES EFFECTED THE PRODUCTION OF GOODS IN THESE TWO WAYS
WHAT IS CHEAPER & MORE EFFICIENT?
ACCORDING TO THE THEORY OF LAISSEZ-FAIRE CAPITALISM, THESE TWO GROUPS WILL MANAGE COMMERCE/BUSINESS BETTER IF THE GOVT LEAVES THEM ALONE
WHO ARE THE MERCHANTS/PRODUCERS AND THE CONSUMERS?