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Technology & Industrial Growth
Big Business
Big Business II
Organized Labor
Organized Labor II
100
These are people who invest money in a product or enterprise in order to make a profit
What is an entrepreneur
100
This consists of a number of people share the ownership of a business.
What is corporation
100
The ICC which stands for this, was the first federal body created to monitor American business operations - especially the railroad companies.
What is Interstate Commerce Commission.
100
Inside these factories, workers worked 12 hour days, 6 days a week – in a small, hot, dark, and dirty.
What is a sweatshop
100
This act of defiance was a national demonstration by laborers to create an 8-hour working day. Its legacy allowed the Knights of Labor fizzles out because of its radical views; employers more suspicious of union activities (associating them with violence); most of the American public share employers’ views.
What is the Haymarket Riot.
200
This policy allowed businesses to operate under minimal government regulation
What is laissez-faire policy
200
This is achieved when a company has complete control of a product or service
What is a monopoly.
200
John D. Rockefeller utilized this method of integration, which consolidated many firms of the same business.
What is horizontal
200
Many corporations developed these, in which laborers who were forced to live in isolated communities near their workplaces. They were often Owned by the business and rented out to employees and forced workers to buy goods from the “company store”
What is a company town.
200
This union was a loose organization of skilled workers devoted to specific crafts or trades. It created strike and pension funds for members and focused on wages, working hours & working conditions
What is the American Federation of Labor or AFL
300
This is a 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.
300
This is formed by businesses making the same product agree to limit production and keep prices high
What is a cartel.
300
Andrew Carnegie utilized this form of integration in which he gained control of many different businesses that made up all phases of a product’s development.
What is vertical
300
Workers began using this as a means for negotiating higher wages or better working conditions.
What is collective bargaining.
300
This man founded the American Federation of Labor.
Who was Samuel Gompers.
400
This is a process for purifying iron, resulting in strong, but lightweight, steel
What is Bessemer Process.
400
These are formed when companies assign their stock to a board of trustees, who combine them into a new organization
What is a trust.
400
This philosophy defined wealth as a measure of one’s inherent value and those who had it were the most “fit”
What is Social Darwinism
400
When workers did this, they agreed to cease work until demands are met.
What is a strike
400
This strike waspart of an epidemic of steelworkers’ and miners’ strikes that took place as economic depression spread across America.
What was the Homestead Strike
500
This is a system of turning out large numbers of products quickly and inexpensively.
What is mass production.
500
This is an economic and political philosophy that favors public, instead of private, control of property and income
What is socialism
500
This Act outlawed any trust that operated “in restraint of trade or commerce along the several states” and began to limit corporations power.
What is the Sherman Antitrust Act
500
This union body, the first major one in the U.S., included all workers of any trade, skilled or unskilled throughout the country.
What is the Knights of Labor.
500
This strike caused railroads to halt, traffic jammed, and mail delivery to stop, President Cleveland had to send in troops to stop the strike, and Eugene V. Debs was imprisoned for refusing to end the strike – conspiring against interstate commerce
What was the Pullman Strike