12/12/22 Flashcards
a share of ownership in a corporation
Stock
business that is owned by investors
Corporation
share of a corporation’s profit
Dividend
a group of corporations run by a single board of directors
Trust
a company or group having control of all or nearly all of the business of an industry
Monopoly
business owned by private owners
Capitalism
a shortage, lack, or insufficient supply
Scarcity
built the steel industry in the US; from Scotland
Carnegie
set up an oil refinery in Cleveland, Ohio, from New York
Rockefeller
an economic system in which businesses compete freely with little government control
Free enterprise
replacement for a striking worker
Strike Breaker
person who opposes organized government
Anarchist
union of workers in the same trade
Trade Union
right of unions to negotiate with managements for a contract
Collective Bargaining
fire in 1911 at the TSF in NYC that killed nearly 150 workers
Triangle Shirtwaist
cigar maker; formed AFL
Gompers
secret organization originally led by Uriah P. Stephens then eventually led by Terrence Powderly
K of L
head of the Missouri Pacific Railroad
Jay Gould
the union in Chicago that called a strike against the McCormick Harvester Co.
Haymarket Square Root
was a dressmaker in Chicago in 1877 and helped the RR workers by organizing a strike in Pittsburgh
Mother Jones
International Ladies Government Workers Union; they demanded better pay and shorter working hours
ILGWU
license for a new invention
Patent
crossing or spanning the Atlantic Ocean
Transatlantic
method of production in which workers stay in one place as products pass along a track or a moving belt
Moving Assembly Line
process of making large quantities of a product quickly and cheaply
Mass Production
inventor of the light bulb; from Menlo Park, NJ
Edison
inventor of the telephone, teacher of the deaf
Bell
invented the first affordable car, Model T
Ford
invented the first successful flight; flew at Kitty Hawk, North Carolina
Orville and Wilbur Wright
built transformers to send electrical power much cheaper in 1885 and built air brakes for trains
Westinghouse
invented refrigerated RR cars for meat products
Swift
made an easier way to link RR cars together
Jannery
invented the Pullman sleeping car
Pullman
lead the foundation for telegraph cables from the US to Europe across the Atlantic Ocean in 1866
Field
invented the small camera in 1888.
Eastman
invented the vacuum in 1899
Thurman
on AA who invented a way to send messages
Woods
an AA man who invented magnetic airbrakes for trains and a shoe making machine
Matzeliger
workplace where people labor long hours in poor conditions for low pay
Sweatshop
