a company chartered by a state and recognized in law as a separate "person"
What is a corporation?
100
a workshop, like a small factory, often in a city
What is a sweatshop?
100
Some powers are given to the states, some to the national government.
What is a federation?
100
turns crude oil into useful products
What is refining?
200
This entrepreneur made his fortune in oil.
Who is John D. Rockefeller?
200
New methods of selling, advertising and shipping resulted in...
What is a national market?
200
form of protest to obtain better working conditions
What is a strike?
200
helps manufacturers by increasing the cost of imports
What is the protective tariff?
200
Population growth created favorable conditions for business expansion because there was a steadily rising demand for goods and a plentiful supply of _________________ .
What is cheap labor?
300
entrepreneurs who forged the modern industrial economy
Who are Captains of Industry?
300
extra money after all expenses are paid
What is a profit?
300
founded in 1881 by Samuel Gompers; united workers with similar economic interests
What is The American Federation of Labor?
300
the theory that government should not interfere in the operation of the free market
What is laissez-faire?
300
This was invented by Elisha Otis.
What is the passenger elevator?
400
entrepreneurs who used ruthless tactics to destroy competition and keep their workers' wages low
What are Robber Barons?
400
a company having complete control over the supply of a product or service
What is a monopoly?
400
formed in 1869, it hoped to create a single national union by joining together all skilled and unskilled workers
What is The Knights of Labor?
400
federal law that prohibited unfair practices by railroads, such as charging higher rates for shorter routes
What is the Interstate Commerce Act?
400
the period from 1865 to 1900 characterized by lavish lifestyles of wealthy entrepreneurs
What is the Gilded Age?
500
a person who owns stock in a company
What is a shareholder?
500
The transcontinental railroad created a demand for this.
What is steel?
500
places where only union members could be hired
What is a closed shop?
500
The purpose of this federal law was to stop monopolies engaging in unfair practices that prevented fair competition.
What is the Sherman Anti-Trust Act?
500
Labor leaders were blamed when a bomb exploded during a demonstration of striking workers in Chicago.