Ch. 24

Question 1

Trust

Answer 1

Mechanism by which one company grants control over its operations, through ownership of its stock, to another company.

Question 2

Syndicate

Answer 2

Association of financiers organized to carry out projects requiring very large amounts of capital.

Question 3

Patrician

Answer 3

High social standing

Question 4

Social Darwinism

Answer 4

Survival of the fittest

Question 5

Socialists

Answer 5

Social and economic equality through the ownership and control of the major means of production by the whole community rather than by Individuals or corporations.

Question 6

Lockout

Answer 6

Refusal by employer to allow employees to work unless they agree to his or her terms.

Question 7

Thomas Alva Edison

Answer 7

Inventor of the lightbulb

Question 8

Andrew Carnegie

Answer 8

Rich business man who owned a large steel business

Question 9

John D. Rockefeller

Answer 9

Extremely rich and owner of Standard Oil

Question 10

Samuel Gompers

Answer 10

Jewish cigar maker no president of the American federation of labor

Question 11

Free enterprise

Answer 11

Permits unrestricted entrepreneurial business activity; capitalism.