Show:
Rise of Industry
The Railroads
Big Business
Unions
Miscellaneous
100
the total value of all goods and services produced by a country
What is gross national product
100
the two railroad companies that built the transcontinental railroad
What were the Union Pacific and the Central Pacific
100
Corporations can achieve these by investing more in machines and large manufactuing facilities
What are economies of scale
100
belief that society does not need government
What is anarchism
100
A new way of merging businesses that did not violate the laws against owning other companies-allows one to manage another persons property
What is a trust
200
this idea relies on supply and demand to regulate prices and wages
What is laissez-faire
200
How railroad companies raised most of the money needed to pay for their construction prices
What is by selling land grants given to them by the federal government
200
When a single company achieves control of an entire market
What is a monopoply
200
union limited to people with specific skills
What is a trade union
200
Does not produce anything itself, but owns stock in companies that do produce goods
What is a holding company
300
people who risk their capital in organizing and running a business
Who are entrepreneurs
300
to make rail service safer and more reliable the country was didvided into four regions where the same time was kept
What are time zones
300
when a business owns all the different businesses on which it depends for its operation
What is vertical integration
300
united craft workers and common laborers in a particular industry
What is an industrial union
300
changed the idea of shopping by bringing a large variey of different products together in a large elegant store
What is a department store
400
great innovator who worked in his lab in Menlo Park to to invent or improve devices created by others
Who is Thomas Alva Edison
400
He began the first direct rail service from New York to Chicago
Who is Cornelius Vanderbilt
400
worked his way up from a bobbin boy to president of a railroad and owning his own steel company
Who is Andrew Carnegie
400
First leader of the American Federation of Labor-wanted to keep unions out of politics
Who is Samuel Gompers
400
first national industrial union
What is the Knights of Labor
500
Scottish-American inventor that came up with the telephone and repeated the famous words "Come here, Watson I want you."
Who is Alexander Graham Bell
500
Construction company set up by several stockholders in the Union Pacific Railroad that overcharged the railroad for the work done
What is Credit Mobilier
500
costs that occur when running a business
What are operating costs
500
Said "The basic force shaping capitalism is the class struggle between workers and owners."
Who is Karl Marx
500
the proces to make high quality steel quickly
What is bessemer process