9-1 Social Studies
Terms
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- Skilled workers
- therefore excluded women, african americans who tended to be unskilled
- Company town
- village built and run by a company where workers are required to live
- Lockout
- closed factory or place of employment caused by a strike; withholding of employment by an employer
- Scrip
- money that can be redeemed only at a company store
- scab
- nonunion replacement workers during a strike or union members who refuse to strike and continue working
- collective bargaining
- negotiation between organized workers and management to reach an agreement on wages, hours, and working conditions
- Industrial Union
- Workers of all levels associated with one industry
- Arbitration
- Not strikes, peaceful temperance cooperative owned plants, get rid of child labor
- Real wages
- income adjusted to compenstate for reduced earning power due to inflation
- Business cycle
- sequence of economic activity, usually consisting of recession, recovery, growth, and decline