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vocab. chapter 4
Question | Answer |
---|---|
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. |