A | B |
Free Enterprise | System in which businesses operate free from government involvement |
Entrepreneurs | People who organize new businesses |
Corporations | Companies that sell shares of ownership, called stocks, to investors in order to raise money |
Trust | Legal arrangement grouping several companies under one board of directors to eliminate competition and to regulate production |
Bessemer Process | Less expensive, easier way to make steel; developed by British inventer Henry Bessemer in the late 1850's |
Patent | Exclusive right to manufacture or sell an invention |
Rural | A low populated area, city, or town |
Urban | A high populated area, city, or town |
Suburbs | Resedential neighborhoods outside of a city |
Knights of Labor | The first national labor union in the united states; organized in 1869 and included workers of different races, genders, and skills |
AFL | One of the first large labor unions in the united states; organized in the 1880's by Samuel Gompers as an association of individually skilled craft unions |
Powderly | Terence V. Powderly, in 1879, became the leader of the knights of labor |
Gompers | Samuel Gompers, the leader of the American Federation of labor |
Pullman Strike | Railroad by workers at Pullman's Palace Car company that stopped traffic on many railroad lines until federal courts ordered the workers to return to their jobs |
Homestead Strike | Strike at Andrew Carnegie's Homestead Steel Factory in Pennsylvania that erupted in violence between strikers and private detectives |
National Grange | Social and educational organization founded in 1867 to gain more political representation for farmers and to improve their living standards |
Farmers' Alliances | Political groups formed by farmers in the late 1800's that worked to elect candidates favorable to farmers |
Free Coinage | Type of monetary system in which both gold and silver were coined; the value of paper money was worth a specific amount of gold and silver |
ICC | Commission created by the interstate commerce act to ensure that railroads charged fair rates and treated all shipping customers fairly |