Buisness & Unions

Question 1

Monopoly

Answer 1

a product provided by only one company.

Question 2

Problem about monopolies

Answer 2

they can changer whatever they want

Question 3

Trusts

Answer 3

a corporation manipulates the market in order to control an entire industry.

Question 4

Standard Oil Trust

Answer 4

John D Rockefeller

biggest trusts to exist

Question 5

modern day trusts

Answer 5

Microsoft.

controls the software that 90% of the market uses. they control the industry.

Question 6

Monopoly vs. Trusts

Answer 6

unlike monopoly that there is one, there are many companies, but one comes on top of the others and controls the market.

Question 7

Horizontal Integrations

Answer 7

control the production of one product that then lets you control a while industry.

Microsoft= controls production of operating system for 90% of computer companies. in return they control the whole market.

John Rockefeller= Standard Oil

Question 8

Vertical Integration

Answer 8

control all aspects of the industry
production, materials, transportation, etc

Andrew Carnegie= US Steel

Question 9

merging of companies was a result of

Answer 9

competition between companies. they decided to lessen competition by the big guys buying out the little guys.

Question 10

examples of companies merging

Answer 10

Carnegie= bought small steel companies 
Rockefeller= bought small oil companies

Question 11

a broker

Answer 11

helps manipulate the market

Question 12

J. Piepont Morgan

Answer 12

a broker

Chase Bank

Question 13

made manufacturing easier

Answer 13

the assembly line

Question 14

explain billionaires relationship with politicians

Answer 14

billionaires have money to the campaigns of politicians to in return get accommodated for when contracts and laws are made

billionaires soon controlled politicians

Question 15

Robber Barons

Answer 15

people who ran trusts
treated everyday people like shit
“I can do whatever I want because I have money”

Question 16

example of a Robber Baron

Answer 16

Cornelius Vanderbilt

wanted to do whatever he wanted because of his money

Question 17

Gospel of Wealth

Answer 17

created by Russell Conwell 
wealth was not looked as a bad thing anymore 
Christian duty to reach wealthy status 
wealthy because God chose them to be 
influenced "On Wealth" by Carnegie

Question 18

On Wealth

Answer 18

Carnegie

Anglo-Saxon race is superior 
inequality is good and inevitable
everyone can't be equal 
some are born better than others 
wealthy should help the poor occasionally 

when Carnegie died he became less selfish and ruthless

Question 19

Carl Marks

Answer 19

believed government is not doing what it should be to avoid trusts and illegal treatment of workers

workers organized themselves after influenced by him

Question 20

Communist Manifesto

Answer 20

Carl Marks

history goes through 4 stages and 2 of those are ones in which people are oppressed by more powerful people.

Question 21

Stage 1 of Carl Marks 4 Stages

Answer 21

Feudalism

Question 22

Capitalism

Answer 22

stage 3 of Carl Marks 4stages 
the wealthy take advantage of workers
workers do the work but the owners the only one that see the \$\$$
eventually workers rebel 
"workers of the world unite"

Question 23

leads to Socialism and Communism

Answer 23

Stage 3 : Capitalism

after workers rebel and want everything equal

Question 24

longest stage of Carl Marks 4 stages of History

Answer 24

capitalism

Question 25

William Sylvis

Answer 25

founder of the national labor union

would later fall apart

Question 26

Child Labor

Answer 26

mainly in factories & coal miners
small hands fit well into places
can go deep into mines

Question 27

Black Lung Cancer

Answer 27

common amongst children working in mines, breathing in dust and coal

Question 28

The Molly Maguires

Answer 28

one of the first unions ever made
James McParland
got benefits for workers
resulted to violence tho (attacked their boss)

Question 29

Pinkerton Agents

Answer 29

infiltrated the Molly Maguires

got a lot of them ^ arrested , hung or killed

Question 30

Tools of Management

Answer 30

Scabs
PR Campiagn 
Pinkertons
lockout 
blacklisting 
Court injunctions

Question 31

scabs

Answer 31

people who didn’t strike doing the work of those who did

not paid for the extra work

Question 32

PR Campaign

Answer 32

workers wanted high salaries and less hours. companies found this ludicrous

Question 33

Pinkertons

Answer 33

hired to break unions

and diminish strikes

Question 34

blacklisting

Answer 34

talking shit about a worker

Question 35

Court Injunctions

Answer 35

forcing workers back to work even though they didn’t want to go back to rough circumstances

Question 36

Tools of Labor

Answer 36

(done by workers)

Boycotts 
Sympathy Demonstrations
Informational Picketing 
Organized Strikes  
"Wildcat" Strike

Question 37

Boycotts

Answer 37

people not buying a certain product/from a certain company

Question 38

Sympathy Demonstrations

Answer 38

other not included unions strike to show support for other unions

Question 39

Informational picketing

Answer 39

done by public unions
demonsatrions/strikes before work

can’t strike during work

Question 40

Feudalism

Answer 40

the first stage of Karl Marx 
 when a serf(pesant/lower class) is used for labor and the business class (merchants, skilled people) comes out of the serfs. (Like your parents a farmer, but you then become a b usiness owner) eventually, the business class wants more power( because they're discriminated against for once being serfs) so they have a rebellion and take over the nobility. Once they take over the nobility, they enter a stage called capitalism

Question 41

feudalism leads to

Answer 41

capitalism