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us history chapter 13

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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