10.3 & 10.4
This business structure gives one company almost complete control over an industry, often limiting consumer choices
What is a monopoly?
Workers in the late 19th century organized strikes during this period because of:
low wages and poor working conditions
After the Civil War, this region remained mostly agricultural and had limited investment for industrial growth.
What is the South?
In 1911, a fire at a New York factory trapped many workers inside because doors were locked, highlighting unsafe working conditions.
What is the Triangle Shirtwaist Factory fire?
Following the Civil War, this region of the United States experienced the fastest industrial growth.
What is the North?
This term describes negotiations between workers and management to achieve higher wages or better working conditions.
What is collective bargaining?
As large corporations gained power in the late 1800s, this was the main concern of the U.S. government regarding the economy
What is the lack of free competition?
One result of the 1911 factory fire in New York was:
The public became aware of unsafe working conditions, leading to calls for reform.
This 1890 law was created to prevent monopolies and trusts from limiting competition in the marketplace.
What is the Sherman Antitrust Act?
This 1877 strike by railroad workers occurred after wage cuts and became a nationwide labor conflict.
What is the Great Strike of 1877?
To end the 1877 railroad strike, the government did this to show they sided more with big business than the labor movement
Federal troops were called in to end it