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Social Studies Ch.6 Vocabulary Test

Vocabulary for Test

AB
Free EnterpriseSystem in which businesses operate free from government involvement
EntrepreneursPeople who organize new businesses
CorporationsCompanies that sell shares of ownership, called stocks, to investors in order to raise money
TrustLegal arrangement grouping several companies under one board of directors to eliminate competition and to regulate production
Bessemer ProcessLess expensive, easier way to make steel; developed by British inventer Henry Bessemer in the late 1850's
PatentExclusive right to manufacture or sell an invention
RuralA low populated area, city, or town
UrbanA high populated area, city, or town
SuburbsResedential neighborhoods outside of a city
Knights of LaborThe first national labor union in the united states; organized in 1869 and included workers of different races, genders, and skills
AFLOne 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
PowderlyTerence V. Powderly, in 1879, became the leader of the knights of labor
GompersSamuel Gompers, the leader of the American Federation of labor
Pullman StrikeRailroad 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 StrikeStrike at Andrew Carnegie's Homestead Steel Factory in Pennsylvania that erupted in violence between strikers and private detectives
National GrangeSocial and educational organization founded in 1867 to gain more political representation for farmers and to improve their living standards
Farmers' AlliancesPolitical groups formed by farmers in the late 1800's that worked to elect candidates favorable to farmers
Free CoinageType 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
ICCCommission created by the interstate commerce act to ensure that railroads charged fair rates and treated all shipping customers fairly



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