| A | B |
|---|
| Trust | managed the compaines as a single unit |
| Businness Cycle | Cause f deppression becasue people used so much of their creitd |
| Haymarket Riot | Harvest company strike 7 police died and 4 people and then 3people Kights of labor screw you |
| Bessemer Process | Steel cheaper way do make it |
| Social Darwinism | Held that society should do as little as possible to interfere with peoples pursuit of success |
| Cartel | Loose association of businesses that make the same product |
| Anarchists | radicals who iolently oppose all gov |
| Horizontal Consolidation | Method involved brining together many firms that were in the same business |
| Sherman Antitrust Act | law outlawed any combinatoin of compaines taht restrained intersate trade or commerce |
| transcontinental Railroad | Railway extending from coast to coast |
| Economic Sales | AS PRODUCTION INCREASE THE COST DECREASES |
| Piece work | meant that thoes who wokred fastest and produced the most pieces earned the most money |
| Productivity | amt. of goods and servics created in a given period of time |
| Patents | licenses to make, use, sell an invention |
| Mass production | Production in great amts |
| Division of Labor | Separate tasks proved to be efficient, but it took much of the joy out of work |
| Vertical Consolidation | Gaining control of many different businesses that make up all phases of a product's development |
| Socialism | An economic and polical philsophy that favors piblic (or social) control or property and income, not public control |
| Monopoly | Complete control of a product or service |
| Collective Bargainging | A process in which wokers negotiate as a group with employers |
| Scabs | Replacement workers when real workers are on strike |
| Strike Breakers | moved in to stop the strike |
| Homestead Strike | hapened at Carnehie Plant cut workers pay, put police on them, try to kille person who cut wages |
| Pullman Strike | railroad industry, make trains longer, laid off workers and cut wages 25%, workers protest then fired, then boycott then mailed stoped |
| Problems with railroad | different rails, uncomfortable, slow |
| amuek F.B. Morse | Made the Morse code |
| Elias Howe | made sewing machine |
| Jhon Deere | Steel plow |
| Steel plow | lasted longer, stroner |
| Sewing machine | speed was faster-means more clothes prices goes down and more peopel can buy it |
| telegraph | news will travel at a faster rat and poles everywhere |
| Thomas Edison | Electricity |
| Wizard of Menlo park | Edison becasue thats wee is practice was |
| Telephone | Scottish immigrant |
| First words ever recorded on telephone | MAry had a little Lamb |
| Andrew Carnegie | steel person |
| Gave money away to poor and had a vertical consendation | Carnegie |
| invented a stragey | Samuel Dod |
| OIL company | Jhon D. Rockefeller |
| Horizaltion consendation | Rockefeller |
| Gave money away | Cargine |
| what did Rochefeller control | Board of trustees |
| Knights of Labor | order all working men and women and skilled and skilled |
| AFL | used stirkes |
| AFL foucsed on what | wages, hours, working conditions |
| Knights focused on | end child labor, eight hour work day, equal work for equal pay |
| Employers took what measures? | 1.forbade union meetings2.fired union organizers3Forced new employees to sign "yellow-dod contratc4.efused to bargain collectively |
