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