He is the inventor who established the American Telephone and Telegraph Company.
Who is Alexander G. Bell?
100
A worker who was called in to replace striking workers.
What is a scab?
100
A railway extending from coast to coast.
What is the Transcontinental Railroad?
100
A few large profitable firms.
What is an oligopoly?
100
A shop where employees worked long hours at low wages under poor working conditions.
What is a sweatshop?
200
This inventor developed a code for the telegraph.
Who is Samuel B. Morse?
200
Political radicals who oppose all government.
What is an anarchist?
200
An easier and cheaper was to remove the impurities from iron.
What is the Bessemer process?
200
A business that has complete control of a market or business.
What is a monopoly?
200
A loose associatation of businesses that make the same product. These members agree to limit their production to keep prices relatively high.
What is a cartel?
300
This inventor developed a new way to make steel.
Who is Henry Bessemer?
300
This union was a craft union that did not support African-Americans or women.
What is the American Federation of Labor?
300
This is a license that gives an inventor the exculsive right to make, use or sell an invention for a set period of time.
What is a patent?
300
As production increases, the cost of each item decreases.
What is eocnomies of scale?
300
A fix wage amount for each piece finished good that was produced.
What is piecework?
400
This industrialist preached about social Darwinism.
Who is Andrew Carnegie?
400
A process in which workers negotiate as a single group with employers.
What is collective bargaining?
400
Because of scheduling issues with the railroad system, this was created to elemintate those issues.
What are time zones?
400
Gaining control of different businesses that make up all phases of production,
What is vertical consolidation?
400
This man was accused of creating a monopoly and buying out all his competion. (You must give me the name of the man AND tell me what this process was called.)
Who is John Rockefeller and what is horizontal consolidation?
500
This industrialist established Standard Oil Company.
Who is John D. Rockefeller?
500
An economic and political philosophy that favors community control of production.
What is socialism.
500
An act that outlawed the combination of companies that restrained interstate trade and commerce.
What is the Sherman Anti-trust Act?
500
The bringing together of many firms in the same business.
What is horizontal consolidation?
500
This man bought out business that would help reduce the price of his production. (You must give me the name of this man AND the name of the process he used.)
Who is Andrew Carnegie and what is vertical consolidation?