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15 Cards in this Set
- Front
- Back
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anarchist
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a radical who opposes all government
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scabs
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negative term for a worker called in by am employer to replace striking laborers
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homestead
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one who formed claims under Homestead Act
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social Darwinism
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theory that society should do as little as possible to interfere with ones pursuit of success
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collective bargaining
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process in which workers negotiate as a group with employers
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business cycle
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periods in which a nations economy grows than contrasts
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patent
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a licence that gives an inventor the exclusive right to make use or sell an invention for a set period of time
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division of labor
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way of producing in which different tasks are performed by different persons
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socialism
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an economic and political philosophy that public (or social) instead of private control of property and income
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cartel
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loose association of businesses that make the same product
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trust
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a group of seperate companies that are placed under the contol of a single managing board
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monopoly
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complete control of a product or service
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productivity
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the amount of goods and services created in a given period of time
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transcontinental railroad
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railway extending from coast to coast
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Bessemer process
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a process for making steel more efficiently,
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