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Chapter 13

Chapter 13 Vocabulary

TermDefinition
Social Darwinism Minimal interference by government; "strongest will survive"
Piecework Payment is done by the item, not how many hours you work.
Scab A person who replaces a worker that went on strike.
Horizontal Consolidation A method used to try and gain control of one process of an industry.
Anarchist Political radicals who oppose all government control.
Cartel Loosely associated businesses making the same product try to fix prices by making an agreement in secret.
Vertical Consolidation A method by which a company gains control of all aspects of production.
Collective Bargaining Workers negotiate as a group with their employer.
Socialism State ownership (such as businesses)
Union A group of workers that come together to help improve the workplace.
Economy of Scale Mass production causes price per unit to go down.
Robber Barons Business leaders that makes wealth from stealing from the general public.
Carpetbagger Northerner who moves to the South and votes Republican.
Scalawag Were people from the south that had been locked out of pre-Civil War politics by wealthy neighbors (plantation owners) these individuals were invited into the Republican Party.
Captain of Industry Suggests that the business leaders served their nation in a positive way.
Monopoly In order to create ____ a business bought out its competition and all of its patents.
Philanthropy A gift to institutions or to the public that help humankind.
Yellow Dog Contract The employees were forced to a sign to promise to never join a union.
Pinkertons Known for breaking strikes at the turn of the century.
Trust John D. Rockefeller created this, which meant he could control multiple businesses without buying them out. He helped to bring out a board of men to control the stock of several companies in refining business.
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