Industrial Growth
An economic system where the means of production are privately owned
Capitalism
The approach of joining together as many firms from the same industry as possible
Horizontal Integration
The class of people who make the least money
Working class
A labor action where workers refuse to work
Strike
____ factor is when people from outside are drawn in to a new place
Pull
An asset that can be used to produce an income
Capital
The approach of taking control of every step of the means of production.
Vertical Integration
Division of ________, is when factory work was divided by different jobs
Labor
A political theory that insists the means of production (factories) should be owned by the common people instead of the landowners or wealthy
Socialism
______ land is land thats suitable for growing crops
Arable
Companies that, by law, exist independently from it's owners
Corporations
The belief that the market would regulate itself if the government didnt get involved
Laissez-Faire
Run down apartment buildings characterized by over-crowding and an abundance of filth
tenements
collective ________ is the negotiations between employers and employees for benefits like higher wages
bargaining
Many european immigrants landed at this U.S. Island prior to becoming U.S. citizens
Ellis Island
A company that completely dominates a particular industry
Monopoly
The belief that the best run businesses owned by the best business owners would survive
Social Darwinism
Small factories where workers worked excessive hours under poor conditions for low wages
Sweatshop
______ is a derogatory term for a non-union worker who breaks the picket line during a strike
Scab
Disabled immigrants and those with medical issues were subject to ________
Deportation