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Define stock. Shares of ownership in a corporation
Define stockholders. Part owners of a corporation
What are 2 advantages of a corporation? 1) Raise capital 2) Limited liability
What is another term for capital? Money
What process made possible the large-scale production of steel? Bessemer process
What new types of building were constructed with steel? Skyscrapers
Who perfected the electric light bulb? Thomas Edison
Who invented the telephone? Alexander Graham Bell
What was the Wright Brothers invention? The airplane
Who developed the conveyor-belt assembly line for automobiles? Henry Ford
What was Andrew Carnegie's industry? Steel
What was J.P. Morgan's business? Banking or Finance
What was John D. Rockefeller's business? Oil
What was Cornelius Vanderbilt's business? Railroads
What is capitalism? Economic system based on private ownership of property and free competition
What does laissez faire mean? Government should leave business alone; let business do what it wants
Who wrote Wealth of Nations? Adam Smith
Who developed the idea of laissez faire? Adam Smith
What does racial segregation mean? Separation of the races
What was another name for segregation laws? Jim Crow laws
How did the Supreme Court rule in 1896 in Plessy v. Ferguson? Racial segregation was constitutional or legal
What doctrine was established by Plessy v. Ferguson? The "separate but equal" doctrine
What type of education did Booker T. Washington support? Vocational education
What were W.E.B. DuBois' ideas for the advancement of African-Africans? Legal and political equality for African-Americans NOW!
What was the purpose of the NAACP? To gain legal and political rights for African-Americans
Who was one of the founders of the NAACP? W.E.B. DuBois
What does lynching mean? Hanging someone without a trial
What African-American woman led an anti-lynching crusade? Ida B. Wells
What happened in the "Great Migration"? African-Americans moved from the South to Northern cities, especially during World War I
What is a labor union? An organization of workers
What union was blamed for the 1886 Haymarket Square Riot? The Knights of Labor
Where did the Haymarket Square Riot occur? Chicago, Illinois
Who founded the AF of L? Samuel Gompers
What union was involved in the Homestead Steel Strike? The AF of L
In what major strike was the American Railway Union involved? The Pullman Strike
Who was president of the American Railway Union? Eugene V. Debs
Who won the Pullman Strike? The Pullman Company
Which side did government take in the Haymarket Square Riot and the Pullman Strike? Big Business
What union helped women factory workers? International Ladies' Garment Workers Union
Created by: wzuger