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Key Terms
Vocabulary
Wild
People
Events
100
Small, hot, dark, and dirty workhouses
What is Sweatshop?
100
A grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time
What is a Patent?
100
Complete control of a product or service
What is a Monopoly?
100
An inventor and creative genius who received more than 1,000 patents for new inventions
Who is Thomas Edison ?
100
A labor protest in Chicago in 1886 that ended in dozens of deaths when someone threw a bomb
What is Haymarket Riot ?
200
People who invest money in a product or enterprise in order to make a profit
What is Entrepreneur ?
200
Bridges in which the roadway is suspended by steel cables
What is Suspension bridge ?
200
People who invest money in a product or enterprise in order to make a profit
What is Entrepreneur ?
200
An oil tycoon who made deals with railroads to increase his profits
Who is John D. Rockefeller ?
200
A nationwide strike in 1894 of rail workers that halted railroads and mail delivery
What is Pullman Strike ?
300
A form of group ownership in which a number of people share the ownership of a business
What is Corporation ?
300
Taxes that would make imported goods cost more than those made locally
What is Protective tariff ?
300
Systems that depended on machinery to turn out large numbers of products quickly and inexpensively
What is Mass production ?
300
A steel tycoon who used vertical integration to increase his power
Who is Andrew Carnegie ?
300
An 1892 Pennsylvania steelworkers’ strike that resulted in violence between company police and strikers
What is Homestead Strike ?
400
The practice of gaining control of many different businesses that make up all phases of a product’s development
What is Vertical integration ?
400
An economic and political philosophy that favors public, instead of private, control of property and income
What is Socialism ?
400
A labor union that included workers of any trade, skilled or unskilled
What is Knights of Labor ?
400
The leader of the Knights of Labor beginning in 1881 who encouraged boycotts and negotiations with employers
Who is Terence V. Powderly ?
400
A bill passed in 1890 which outlawed any trust that operated “in restraint of trade or commerce among the several states”
What is Sherman Antitrust Act ?
500
A policy which allowed businesses to operate under minimal government regulation
What is Laissez faire ?
500
An arrangement in which businesses making the same product agree to limit production to keep prices high
What is Cartel ?
500
Negotiating as a group for higher wages or better working conditions
What is Collective bargaining ?
500
Leader of the American Railway Union who eventually became a Socialist
Who is Eugene V. Debs ?
500
The Interstate Commerce Commission, a government body set up to oversee railroad operations
What is ICC ?