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U.S. History Matching
monopoly
when a single company achieves control of an entire market
blacklist
workers who tried to organize a union or strike were fired and placed on a list of "troublemakers".
deflation
or a rise in the value of money
Women's Trade Union League
the first national assocation dedicated to promoting women's labor issues
andrew carnegie
illustrated many of the different factors that led to industrialism and the rise of big business
closed shops
meaning that companies could only hire union members
horizontal integration
or combining many firms engaged in the same type of business into one large corporation
economies of scale
is when corporatoins make goods more cheaply because they produce so much so quickly using large manufacturing facilities
arbitration
a process in which an impartial third party helps workers and management reach an agreement
operating costs
are costs that occur when running a company
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