Business
The name for a company that controls the entire market
What is a monopoly?
These crowded, substandard housing complexes were home to almost 2/3 of NYC's population
What are tenements?
A group of workers uniting for a common cause
What is a union?
This term was used to describe the period between Reconstruction and the Progressive Era
What is the Gilded Age?
An alliance between multiple companies to control the market
What is a trust?
War, gang violence, extreme poverty and famine are all examples of this
What are push factors?
To refuse work until your demands are met
What is a strike?
A down period in the economy
What is a recession?
A company that is separate from its owners
What is a corporation?
"Give me your poor, your tired,
your huddled masses yearning to breathe free"
Are lines from this famous poem
What is the "New Colossus"
Two reasons why companies would hire children
Physical size and lower wages
GNP
Gross National Product
A factory where workers are employed for very low wages under poor conditions
What is a sweatshop?
Name three groups that would be considered "New Immigrants"
Irish, Italian, Eastern Europeans, Chinese
(Other permissible answers: Catholics and Jews)
This labor movement started when an influential railcar company cut wages but kept rents in the company town the same
What is the Pullman strike?
The Factors of Production
What are land, labor and capital?
This influential banker was the owner of the first billion dollar company in the world
Who is J.P. Morgan
The first major law used to limit immigration, this law was also the first immigration law that singled people out based on their ethnicity
What is the Chinese Exclusion Act?
Led by Samuel Gompers, this collection of labor unions fought for better conditions and wages and a shorter work day
What is the AFL?
The "hands off" approach the government took to the economy during this time
What is Laissez-faire?