Industrilization Vocabulary
Every Vocabulary word from Industrilization
Innovations
- new idea, device or process
Monopolies
- a market in which there are many buyers but only one seller
Laissez-Faire
- letting things take their own course, without interfering
Spoil System
- a political party, after winning an election, gives government jobs to its supporters as a reward for working toward victory
Merit System
- hiring government employees based on their ability to perform a job, rather their political connections. The opposite of the spoils system
Horizontal Integragation
- company increasing production of goods or services at the same part of the supply chain
Vertical Integration
- the supply chain of a company is owned by that company
Bessemer Process
- steel-making process
Sweatshops
- a factory or workshop
Trust
- relationship whereby property is held by one party for the benefit of another
Gospel of Wealth
- an essay written by Andrew Carnegie in 1889 that described a responsibility of philanthropy by the upper class and self-made rich
Robber Barons
- an unscrupulous plutocrat, especially an American capitalist who acquired a fortune in the late nineteenth century by ruthless means
Craft Union
- labor union composed only of people in the same craft
Trade Union
- labor union of craftspeople or workers in related crafts, as distinguished from general workers or a union including all workers in an industry
Scab
- worker who refuses to join a labor union or to participate in a union strike, who takes a striking worker's place on the job, or the like
Lockout
- temporary closing of a business or the refusal by an employer to allow employees to come to work until they accept the employer's terms
Blacklist
- a list of people or products viewed with suspicion or disapproval
Yellow Dog Contract
- contract between a worker and an employer in which, as a condition of employment, the worker agrees not to remain in or join a union
National Labor Union
- first national labor federation in the United States.
Knights of Labor
- secure and maintain the rights of workingmen in respect to their relations to their employers
Haymarket Bombing
- May 4, 1886, a labor protest rally near Chicago's Haymarket Square turned into a riot after someone threw a bomb at police.
Homestead Strike
- an industrial lockout and strike between strikers and private security agents
Pullman Strike
- nationwide railroad strike in the United States