captain of industry, vocab, labor union

Question 1

monopoly

Answer 1

buying out other companies

Question 2

cartel

Answer 2

different companies that sell the same product

Question 3

horizontal consolidation

Answer 3

small companies joined to make one big company

Question 4

trust

Answer 4

separate companies under the same management board

Question 5

vertical consolidation

Answer 5

doing all of the shipping/packaging by myself

Question 6

who invested in the steel & oil industries

Answer 6

andrew carnegie

Question 7

John Pierpont Morgan was?

Answer 7

a banker / accountant

Question 8

who was wealthy because of railroads & shipping

Answer 8

cornelius vanderbilt

Question 9

who was wealthy because they owned a oil company?

Answer 9

John D. Rockefeller

Question 10

company town

Answer 10

housing owned by business & rented to employees

Question 11

collective bargaining

Answer 11

negotiation between organized workers & management to reach an agreement

Question 12

blacklist

Answer 12

record kept of companies of “trouble maker” employees

Question 13

lockout

Answer 13

to retaliate against unions, a company shot down to keep factory workers out

Question 14

scabs

Answer 14

non-union replacement worker during a strike or union who refuses to work

Question 15

injuction

Answer 15

court order requiring an individual or company to do something

Question 16

arbitration

Answer 16

hearing & resolutions of a disagreement between 2 parties

Question 17

corporation

Answer 17

a business or organization authorized by law to do the right thing