Chapter 24 Flashcards
1
Q
Free enterprise
A
An economic system where few restrictions are placed on business activities and ownership
2
Q
Syndicate
A
Group of individuals that combine to promote some common interest
3
Q
Patrician
A
An aristocrat or nobleman
4
Q
Social Darwinists
A
Survival of the fittest in society
5
Q
Socialists
A
A person who advocates or practices socialism
6
Q
Lockout
A
The exclusion of employees by their employer from their workplace until certain terms are agreed to
7
Q
Anarchists
A
A person who believes in or tries to bring about anarchy
8
Q
Thomas Edison
A
Was an inventor
9
Q
Andrew Carnegie
A
Was a big oil industry guy
10
Q
John D. Rockefeller
A
Was a business magnate
11
Q
Samuel Gompers
A
Was a labor union leader
12
Q
Trust
A
A relationship where property is owned by one party in benefit for the other.
