Industrialization Vocab

Jerand Parker

  • Innovations- the action of process of changing
  • Monopolies- possession or control of the supply or trade in a commodity or service.
  • Laissez-Faire- abstention by governments from interfering in businesses.
  • Unionization- organize into a labor union
  • Spoils System- practice of a successful political party giving public office to its supporters.
  • Merit Systems- promoting and hiring government employees based on there skill of the job.
  • Vertical Integration- combination in one company of two or more stages of production normally operated by separate companies.
  • Horizontal Integration- company increasing production of goods or services at the same part of a supply chain.
  • Capitalism- countries trade and industry is controlled by private owners for profit, rather than by state.
  • Bessemer Process- steel-making process
  • Sweatshops- factory or workshop that has low wages for long hours and unsafe conditions.
  • Trust- confidence placed in a person by making them the nominal owner or property used to be held as benefit.
  • Gospel of Wealth- Andrew Carnegie 1889 responsibility of philanthropy by new upper class.
  • Robber Barons- people who acquired fortune by ruthless acts.
  • Craft Union- labor union with people of the same craft.
  • Trade Union- included al workers in an industry.
  • Scab- worker who refuses to join a labor union.
  • Lockout- temporary closing of a business or refusal by an employer to let employees work.
  • Blacklist- list drawn up by a labor union, containing names of employers to be boycotted.
  • Yellow Dog Contract- contract between worker and employer in which the worker agrees not to be in a union.
  • National Labor Union- political-action movement sought to improve working conditions through legislative reform.
  • Knights of Labor- secret organization that defends the interest of labor.
  • Haymarket Bombing- aftermath of a bombing that took place in 1886.
  • Homestead Strike- 1892 violent labor dispute between Carnegie Steel Company and its workers.
  • Pullman Strike- 1894 nationwide railroad strike, it pitted the ARU against the Pullman Company, main railroads, and the federal government.