History Flashcards
(139 cards)
_________ developed more effective air brakes and worked with alternating current in electricity.
George Westinghouse
________ patented a process for making better steel more efficiently.
Henry Bessemer
________ patented a telegraph system for use on moving trains.
Granville Woods
________ devised a code of short and long electrical pulses to represent the letters of the alphabet for the telegraph.
Samuel F.B. Morse
In Chicago, in 1886, an anarchist threw a bomb killing seven policemen at the _______.
Haymarket Riot
This dispute included a shootout between strikers and Pinkertons.
Homestead Strike
For the first time in American history federal troops used to intervene in a labor dispute during the _________.
Railroad Strike of 1877
A court order was used to put an end to this dispute.
Pullman Strike
Bringing together many firms in the same business is known as ____________.
Horizontal consolidation
Gaining control of the many different businesses that make up all phases of a product’s development is known as ____________.
Vertical consolidation
The process by which as production increases the cost of each item is lower is known as _____.
Economies of scale
Periods of economic expansion followed by periods of depression are known collectively as the _______.
Business cycle
A ___________ is a license to make, use or sell an invention.
patent
A _____________ is a group of separate companies that are placed under the control of a single management board and managed as a single unit.
trust
A _________ is complete control of a product or service.
monopoly
A ____________is a loose association of businesses that produce the same product.
cartel
_______ is the theory that society should do as little as possible to interfere with people’s pursuit of wealth.
Social Darwinism
The ____________ is the belief that people should be free to make as much money as they can, but after they make it, they should give it away.
Gospel of Wealth
__________ is an economic system in which there is public, not private, control of property and income.
socialism
___________ is a process by which workers negotiate as a single unit.
collective bargaining
The amount that a worker creates in a given period of time is known as ____________.
productivity
Creating goods in great amounts is known as ____________.
mass production
___________ is a system in which workers are paid not by the hour but by what they produce.
piecework
Producing goods in which different tasks are performed by different persons is known as ____________.
division of labor