Industrialization Flashcards
1
Q
Capitalism
A
CAPITAL=MONEY
Businesses competing to make money
Laisses Faire, Market Economy
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
3
Q
Antitrust Legislation
A
Law against monopolies trusts
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