12/12/22 Flashcards
(39 cards)
a share of ownership in a corporation
Stock
business that is owned by investors
Corporation
share of a corporation’s profit
Dividend
a group of corporations run by a single board of directors
Trust
a company or group having control of all or nearly all of the business of an industry
Monopoly
business owned by private owners
Capitalism
a shortage, lack, or insufficient supply
Scarcity
built the steel industry in the US; from Scotland
Carnegie
set up an oil refinery in Cleveland, Ohio, from New York
Rockefeller
an economic system in which businesses compete freely with little government control
Free enterprise
replacement for a striking worker
Strike Breaker
person who opposes organized government
Anarchist
union of workers in the same trade
Trade Union
right of unions to negotiate with managements for a contract
Collective Bargaining
fire in 1911 at the TSF in NYC that killed nearly 150 workers
Triangle Shirtwaist
cigar maker; formed AFL
Gompers
secret organization originally led by Uriah P. Stephens then eventually led by Terrence Powderly
K of L
head of the Missouri Pacific Railroad
Jay Gould
the union in Chicago that called a strike against the McCormick Harvester Co.
Haymarket Square Root
was a dressmaker in Chicago in 1877 and helped the RR workers by organizing a strike in Pittsburgh
Mother Jones
International Ladies Government Workers Union; they demanded better pay and shorter working hours
ILGWU
license for a new invention
Patent
crossing or spanning the Atlantic Ocean
Transatlantic
method of production in which workers stay in one place as products pass along a track or a moving belt
Moving Assembly Line