Industrailization Terms Flashcards
(11 cards)
Monopoly
One owner owns all locations of one industry.
Assembly line
An arrangement of machines to pass workpieces down the line.
Mass production
The production of large amounts of standardized products.
Arbitration
A group of people allowing a single person to settle their argument.
Strike
A group of people who refuse to work as a form of protest.
Workers compensation
An employer must pay for an employee’s medical bill if injured on the job.
Collective bargaining
Creating a contract for a union or a group
Minimum wage
The lowest wage permitted by law
Union
A group of workers that want to protect their rights.
Agriculture
The cultivation of animals or plants for food.
Robber baron
A wealthy person who gains land by being dishonest. Pays low wages and provides poor working conditions for employees.
