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5th Chap. 3 Vocab

5th The Gilded Age

QuestionAnswer
economic disparity the unequal distribution of wealth and power among people
trust an organizational structure that gives control over several businesses to a single board of trustees with the purpose of monopolizing a market
labor union an organization of workers within a company or profession formed to protect the workers' rights and interests, including safety, wages, and working hours
arbitration the settling of a dispute by a neutral third party
monopoly exclusive control of a product or service in a particular market
strike a refusal to work organized by a body of employees as a form of protest
cavalry soldiers who fight on horseback
fraud an intentional deception for personal gain, especially for money
Gilded Age a period of rapid economic growth and industrialization in the United states in the late 1800s
Popular U.S. History sets

 



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