History Test 10/14 Flashcards
Placer Mining
to extract the shallow deposits of ore largely by hand
Quartz Mining
to dig deep beneath the surface
Dry Farming
to plant deep beneath the ground, new plows make feasible
Homestead Act
provided 160 acres of land to anyone who would farm it
Open Range
cattle roam freely regardless of land ownership
Long Drive
the long herding distance to the trains
Indian Peace Commission
group formed to establish peace w/ hostile tribes
Assimilation
to absorb
Gross National Product
the total value of all goods and services produced by a country
Entrepreneur
people who risk their capital in organizing and running a business
Corporation
an organization owned by many ppl but treated by law as though it were a single person
Monopoly
when a single company achieves control of an entire market
Trust
allows one person to manage another’s property
Holding Company
hold stock of other companies which produce goods
Trade Union
specialized skills workers have representation to negotiate w/ employers
Industrial Union
unite all workers in a particular industry (craft and common labors)
Marxism
the ideas of Karl Marx where were very influential in Europe
Anarchism
no gov. needed
Closed Shop
companies that would only hire union members