US History:Chapter12 Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Term | Definition |
laissez-faire | "let people do as they choose" (french phrase) |
economies of scale | the costs of manufacturing is decreased by producing goods quickly in large quantities |
credit-mobilier | was a construction company set up by several stockholders of the union pacific railroads, including oakes ames, a member of congress |
monopoly | when a single company achieves control of an entire market |
lockouts | when workers formed a union, companies used this to break it |
horizontal integration | combining firms in the same business into one large corporation |
vertical integration | when a company owns all the different businesses on which it depends for its operation |
big manufacturers | usually have high fixed costs but have low operating costs |
small manufacturers | usually have low fixed costs but have high operating costs |
the great northern railroad | railroad that went from Wisconsin and Minnesota in the east to Washington in the west without any federal land grants or subsides |
pools | agreements to keep prices at a certain levels |
chain stores | a group of retail outlets owned by the same company, first appeared in the mid 1800s |
department stores | provided a huge selection of products in one large, elegant buildings |
strikebreakers | if the union called a strike, employers would hire replacements called this |
anarchists | believed that society doesn't need any type of government |
the knights of labor | founded in 1869, took a different approach to labor issues. Its leader, Terrence Powderly, opposed stikes, preferring to use boycotts to pressure employers |
the american federation of labor (AFL) | was the dominant union of the late 1800s. In 1886 leaders of several national trade unions came together to create the AFL |
fixed costs | costs a company has to pay, whether or not it is operating |
hold company | A company whose primary business in zoning a controlling share of stock in other companies |
industrial unions | which united all workers in a particular industry |
operating costs | costs that occur when running a company, such as paying wages and shipping costs, and buying raw material and supplies |
trade unions | An organization of workers with the same trade or skill |
trusts | is a legal arrangement that allows one person to manage another person's property |
pacific railway act | this act provided for the construction of the transcontinental railroads by two corporations |
Andrew Carnegie | Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. |
Mark Marx | argued that the basic force shaping captious society was the class struggle between workers and owners |
Edwin Drake | Drilled the first oil well newer Titusillve, Pennsylvania |
Cornelius Vanderbilt | An American tycoon, businessman, and philanthropist who built his wealth in railroads and shipping. |
Samuel Gompers | was the first president of the AFL |
Thomas Edison | invented the light bulb, he was an inventor |
John D. Rockefeller | The most famous industrialist who achieved almost complete horizontal integration of his industry, which was oil. |
Created by:
GrapeJuice123
Popular U.S. History sets