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10 Cards in this Set
- Front
- Back
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company towns
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village built and run by a company where workers are required to live.
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Arbitration
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hearing and resolution of a disagreement between two parties through an impartial third
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Lockout
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closed factory or place of employment caused by a strike; withholding of employment by an employeer
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Business cycle
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sequence of economic activity, usually consisting of recession, recovery, growth, and decline
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Industrial Union
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Union that represents every worker in a single industry regardless of his or her job
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Injuction
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court order requiring an individual or company to do something or to prohibit a given action; used frequently to stop strikes
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Real Wages
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income adjusted to compensate for reduced earning power due to inflation
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Scrip
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money that can be redeemed only at a company store.
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Blacklists
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record kept by companies of employees or former employees who are disapproved of or are to be punoshed or boycotted
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Collective Barganing
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negotiation between organized worlers and managment to rech an agreement on wages, hoursm and working conditions.
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