Lesson 3

Question 1

philosophy that argued that gov’t should impose no restraints on business

Answer 1

Laissez-faire

Question 2

Control of an industry or market by one corporation

Answer 2

monopoly

Question 3

organized his steel business to control all phases of production

Answer 3

vertical integration

Question 4

to form a monopoly of the industry

Answer 4

horizontal integration

Question 5

pejorative name/term for big business leaders that suggested the grow rich through devious business practices, exploitation of workers, and political manipulation

Answer 5

Robber barons

Question 6

legally binding deal bringing many companies in the same industry under direction of board trustees

Answer 6

Trust

Question 7

made trust illegal. Start of the “Trust Busting’

Answer 7

Sherman Anti-Trust Act

Question 8

no hire lists of consideration, trouble makers within an industry or town

Answer 8

Blacklist

Question 9

Skewed theory of natural selection that suggested wealth was a reflection of the fittest members of society

Answer 9

Social Darwinism

Question 10

strike against McCormick Harvesting Co., ended in bomb being set off, killing both police and strikers

Answer 10

Haymarket Riot

Question 11

more radical ideology, called for workers’ rights and protection, admitted unskilled workers, black men, and women, and was against laissez-faire ideology

Answer 11

Knights of Labor