Industrialization Flashcards

1
Q

Capitalism

A

CAPITAL=MONEY
Businesses competing to make money
Laisses Faire, Market Economy

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2
Q

Monopoly Trust

A

One company is the only place you can get a certain good or service
-No competition
Example:Standard Oil, U.S. Steel

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3
Q

Antitrust Legislation

A

Law against monopolies trusts

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4
Q

Labor Union,Labor Organization,Organized Labor

A

Workers that get together (organize) for better wages,working conditions,and hours
Examples:United Autoworkers, Ohio Education Association

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