Unit Three - Industrialization

Front

An organization formed by workers to strive for better wages and working conditions

Back

Labor Unions

Front

Businesses that are owned by many investors who buy shares of stock

Back

Corporations

Front

Complete control of a product or business by one person or group is a

Back

Monopoly

Front

A shop or factory where workers work long hours at low wages under unhealthy conditions is a

Back

Sweatshop

Front

a combination of firms or corporations formed by a legal agreement, especially to reduce competition

Back

Trust

Front

Refers to the big business owners who gained huge profits by paying their employees extremely low wages. They also drove their competitors out of business by selling their products cheaper than it cost to produce it. This is the definition of a

Back

Robber Baron

Front

An organized work stoppage intended to force an employer to address union demands.

Back

Strike

Front

American inventor best known for inventing the electric light bulb, acoustic recording, and motion pictures.

Back

Thomas Edison

Front

A Scottish-American industrialist and philanthropist who founded the Carnegie Steel Company in 1892. By 1901, his company dominated the American steel industry.

Back

Andrew Carnegie

Front

Serbian-American electrical engineer and inventor, who discovered the principles of alternating currents and developed the first alternating-current induction motor and the Tesla coil and several forms of oscillators.

Back

Nikola Tesla, Tesla