Industry Comes Of Age Flashcards
Trust
A mechanism by which one company grants control over its operations, through ownership of its stock
Syndicate
An association of financiers organized to carry out projects requiring very large amount of capital
Patrician
Characterized by noble or high social standing
Social Darwinist
Believers in the idea, popular in the late nineteenth century, that people gained wealth by “survival of the fittest”
Socialists
Those who hold the political belief in promoting social and economic equality through the ownership and control of the major means of production by the whole community rather than by individual or corporation.
Lockout
The refusal by an employer to allow employees to work unless they agree to he/she terms
Anarchists
Those who hold the political belief that all organized, coercive government is wrong in principle and that society should be organized solely on the basis of free cooperation
Free Enterprise
An economic system that permits unrestricted entrepreneurial business activity; capitalism
Thomas Alva
A American inventor/business man;developed the phonograph, light bulb
Andrew Carnegie
Scottish American industrialist who led enormous expansion of the American steel industry
John D. Rockefeller
American business magnate and philanthropist. Co found of oil company
Samuel Gomper
English born American cigar maker who make a Georgist labor union leader and key figure in American labor history
