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100
Laissez-faire
What is "let people do as they choose"?
100
Inventor of the telephone
Who is Alexander Graham Bell?
100
When a single company achieves control of an entire market
What is a monopoly?
100
Drilled the first oil well
Who is Edwin Drake?
100
Wages, shipping charges, and supplies
What are operating costs?
200
Loans, mortgages, and taxes
What are Fixed Costs?
200
Set up a research laboratory at Menlo Park, NJ
Who is Thomas Edison?
200
The total value of all goods and services that a country produces
What is Gross National Product?
200
Saw capitalism as a struggle between workers and owners
Who is Karl Marx?
200
Knights of Labor, for example
What is an industrial union?
300
Enabled longer and heavier trains
What are air brakes?
300
Founder of a steel company in Pittsburgh
Who is Andrew Carnegie?
300
The Knights of Labor suffered a steady decline in membership and influence due to lost strikes and this riot
What is the Haymarket Riot?
300
Head of the American Federation of Labor
Who is Samuel Gompers?
300
Changes bobbins without stopping
What is the automatic loom?
400
Iron Molders' International Union, for example
What is a trade union?
400
Operated Standard Oil
Who is John D. Rockefeller?
400
Agreements among companies to keep prices at a certain level
What is a pool?
400
Head of the American Railway Association
Who is Eugene V. Debs?
400
Manages property for others
What is a trust?
500
Began the railroad boom
What is the Pacific Railway Act?
500
Began the first direct rail service between New York City and Chicago
Who is Cornelius Vanderbilt?
500
Union Pacific investors got rich by paying inflated bills from a construction company that they controlled
What is the Credit Mobilier Scandal?
500
Known for manipulating stock prices
Who is Jay Gould?
500
Owns stock in companies that produce goods
What is a holding company?