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10 Cards in this Set
- Front
- Back
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labor unions
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An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
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Haymarket riot
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Haymarket riot refers to the aftermath of a bombing that took place at a labor demonstration on Tuesday May 4, 1886, at Haymarket Square[3] in Chicago.
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injunction
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An authoritative warning or order.
A judicial order that restrains a person from effecting legal action, or orders redress to an injured party. |
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American Federation of Labor
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The most famous of the labor unions that grew in the Gilded Age to fight for better pay and conditions forfactory workers. The AF of L was formed in 1881 by Samuel Gompers.
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Knights of labor
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A labor organization founded in 1869, it called for the unity of all workers, rejected industrial capitalism, and favored cooperatively owned businesses but was discredited by such labor violence as the Haymarket Square riot and did not survive the depression of the 1890s.
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Laissez-faire
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In economics, laissez-faire describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.
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Assembly line
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A series of workers and machines in a factory by which a succession of identical items is progressively assembled
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Henry Ford
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Henry Ford (July 30, 1863 – April 7, 1947) was an American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production.
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Andrew Carnegie
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Andrew Carnegie (properly , but commonly, or)MacKay Little Boss: A life of Andrew Carnegie p.29. (25 November 1835 – 11 August 1919) was a Scottish-American industrialist, businessman, entrepreneur and a major philanthropist.
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Sherman Anti-Trust Act
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The Sherman Antitrust Act (Sherman Act,[1] July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C. §§ 1–7) is a landmark federal statute on competition law passed by Congress in 1890. It prohibits certain business activities that reduce competition in the marketplace, and requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of being in violation.
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