Business
What idea did Frederick Taylor come up with to increase productivity?
Scientific management
What strategy do many labor unions use to force businesses to cave to their demands?
strikes
Where were old immigrants from?
Western Europe
England, Germany, Ireland
What is a monopoly
a business that controls the trade or production of a product or service
What's Mr. Prussman's Fav poster in his room
1968 summer olympics
What invention would later be used in Henry Ford's factories to make cars?
The assembly line
What is a labor union?
an organized association of workers formed to protect their rights and interests
Where were new immigrants from?
Eastern Europe
Russia, Poland, Romania
What's a robber baron?
A wealthy business owner who crushes his competition, usually through ruthless or shady means
How many siblings does Mr. Prussman have?
1
What type of monopoly did John Rockefeller have?
Oil
What are two pros of labor unions?
better pay, benefits, workplace safety
Why were immigrants discriminated against?
different language and culture
IQ
competition for jobs
Describe vertical and horizontal integration
Horizontal: a monopoly controls a single sector in the production of a product.
Vertical: a monopoly controls the entire production process, from start to finish.
What's Mr. Prussman's favorite type of food?
Asian
What is an entrepreneur?
Someone that raises funds and creates a business for their idea
What are two cons of labor unions?
raising prices, ruin the business, workplace rivalries
How many days a week would immigrants work? How long in a day?
7 days a week, from sunrise to well into the night
What are two problems when a monopoly forms?
political corruption, price fixing/manipulation, worker safety
What's Mr. Prussman's zodiac sign
Capricorn
What does social Darwinism mean?
survival of the fittest that's applied to people and businesses
Name four things that went wrong in the Triangle Shirtwaist factory
door opened the wrong way, manager only had the key, fire escape collapsed, only one staircase, nets weren't strong enough
What is the American Dream and what is preventing immigrants from achieving it?
The idea that anyone is welcome to America. Everyone can become successful, raise a family, live a better, life, more opportunities etc...
Racism, competition, manipulation
What was the gospel of wealth?
the idea that people shouldn't die with their wealth. People should donate their excess wealth to charity or their community
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