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vocab. chapter 4

Entrepreneur a person who invest money in something.
Protective Tariff tax on imported goods.
Patent rights given by government.
Bessemer Process method for making steel more efficently.
Lassez faire control over a private business.
sherman Antitrust Act law that banned trust.
Sweatshop employees that worked under poor conditions.
Pullman Strike the strike that started in chicago.
Mass Production large numbers of goods.
Corportion a company known as a legal unit.
Monopoly a major control by one company.
Cartel an ilegal business.
Trust group of companies that are placed under control of managing board.
Horizontal Intergration system of consolidating.
Vertical Integration system thats involed in all the steps of a manufacture.
Company Town a town that only has one business.
Collective Bragining employees negotiante with labor unions about. hours.
Hyamarke Riot 1886 protest in chicago.
Homestead Strike strike aginst steelworkers.
Suspension Bridge the most dramatic constructions.
Time Zone divided times.
Social Darwinism animals involed in natrual selection.
Interstate Commerce Commission (ICC) first monitorng business.
American Federation Of Labor (AFL) formed by samuel gompers in 1886.
Knights Of Labors labor union that focused on broad social reforms.
Socialism a political and economic theory.
Created by: PorscheLeigh