Show:
Terms
Terms II
People
Applied
Labor
100
Any person who risks capital for the sake of profit
Entreprenuer
100
twenty-four zones around the world, one for each hour of the day
Time Zones
100
An inventor and creative genius who received more than 1,000 patents for new inventions
Thomas Edison
100
Time zones were first directed to make this more efficient
Rail Traffic or Railroads
100
Negotiating as a group for higher wages or better working conditions
Collective Bargaining
200
A tax on imports
Tariff
200
Complete control of a product or service
Monopoly
200
He cornered the steel market
Andrew Carnegie
200
What did immigrants supply to the success of the Industrial Revolution in America
Cheap Labor
200
A labor union that included workers of any trade, skilled or unskilled
The Knights of Labor
300
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
Patent
300
A process for purifying iron resulting in strong, but lightweight, steel
Bessemer Process
300
Inventor of the Telegraph
Samuel Morse
300
What or who does a protective tariff protect?
American or domestic businesses
300
An 1892 Pennsylvania steelworkers’ strike that resulted in violence between company police and strikers
Homestead Steel Strike
400
A policy which allowed businesses to operate under minimal government regulation
Laissez-Faire
400
A situation in which companies assign their stock to a board of trustees, who combine them into a new organization
A Trust
400
He cornered the oil market in the U.S.
J.D. Rockefeller
400
This commission was formed, at first, to regulate railroad rates
ICC or Interstate Commerce Commission
400
An economic and political philosophy that favors public, instead of private, control of property and income
Socialism
500
A form of group ownership in which a number of people share the ownership of a business
corporation
500
The practice of gaining control of many different businesses that make up all phases of a product’s development
Vertical Integration
500
Leader of the Pullman Rail strike and future Socialist Party Leader
Eugene V. Debs
500
Theory held that wealth was a measure of one’s inherent value and those who had it were the most “fit”
Social Darwinism
500
A bill passed in 1890 which outlawed any trust that operated “in restraint of trade or commerce among the several states”
Sherman Anti-trust Act