Eve test

John D. Rockefeller

• Standard Oil

• U.S. Steel Company

• Railroad,Steamboats

• Banker

Andrew Carnegie-

• Railroad,Steamboats

• U.S. Steel Company

• Banker

• Standard Oil

J.P. Morgan

• Standard Oil

• U.S. Steel Company

• Railroad,Steamboats

• Banker

AFL - Lead by Samuel Gompers

• American Federation of Labor,Protect worker rights and unfair labor abolished,better conditions 

• Goal of Unions,

  Unions were unsuccessful in the beginning-  “An injury to one is the concern of all”

•  Riot-”Mass Meeting” Made unions look bad,

• Group of people that achieve a common goal (Work in Factory/Business) they try to improve pay and working hours and better hours fo

Our economy - USA, GREAT BRITAIN, JAPAN

• MIXED ECONOMY - Features both market and command

• MARKET ECONOMY - an economic system which individuals own and operate the factors of production. Free enterprise , Capitalism

• COMMAND ECONOMY - an economic system in which the government owns and operates the factors of production. Socialism, communism

• TRADITIONAL ECONOMY - an economic system based upon customs and traditions. Economy is based upon agriculture and hunting. Non-industrizes, Agrarian societies

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. 

• Capitalism

• Socialism

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. 

• Capitalism

• Socialism

corporation

• a company that sells stock, or shares, of its business to the public.

• partial owners

• unions

In 1892 workers went on strike at Andrew Carnegie’s steel plant in Homestead, Pennsylvania.

• True

• False

Haymarket square

• Striking workers from the McCormick Harvester Company gathered to protest the killings of four strikers the previous day.; bomb happen here: May 1886

• workers went on strike at Andrew Carnegie’s steel plant in Homestead, Pennsylvania. Homestead managers hired nonunion workers and brought in 300 armed guards to protect them

• employees of George Pullman’s railway-car plant near Chicago went on strike in May 1894, Pullman closed the plant. One month later, workers in the American Railway Union supported the strikers by refusing to handle Pullman cars, paralyzing rail traffic.