|
steel changed peoples lives by making possible the |
construction of skyscrapers |
|
cartels, monopolies, trusts, and horizontal and veritcal integration all share the goal of |
increasing profits |
|
capitalism fueled industrialization by |
encouraging entrepreneurs to establish businesses |
|
as farms became mechanized |
farmers moved to urban areas |
|
the Sherman Antitrust Act imposed limitations upon which group? |
large corporations |
|
which labor leader began the American Federation of Labor |
Samuel Gompers |
|
in which system does one company control the businesses that make up all phases of a products development |
vertical integration |
|
the ICC was formed to |
oversee railroad operations |
|
Horizontal integration differs from vertical integration in that it |
consolidates many firms involoved in the same business into one giant company |
|
which of the following limited membership to skilled craftspeople and focussed on economic reforms |
American Federation of Labor |
|
in the late 1800’s industrial workers |
faced low wages and long hours in unsafe working conditions |
|
which labor organization was founded first |
Knights of Labor |
|
a system for turning out large number of products quickly and inexpensively |
mass production |
|
a person who inveests money in a business venture to make a profit |
entrepreneur |
|
complete control of a product or service |
monoply |
|
an oil tycoon who used horizontal integration to decrease costs and increase profits |
John D Rockefeller |
|
a busines in which ownership is shared |
corporation |
|
a small, hot, dirty workhouse |
sweatshop |
|
the response to wage cuts at a carnegie Steel plant in 1892 |
Homestead Strike |
|
the inventor who wanted to develop affordable lighting for homes |
Thomas Edison |
|
a labor union open to workers from any trade |
Knights of Labor |
|
a steel tycoon who used vertical integration to increase profits |
Andrew Carnegie |
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