Social Studies Test 11/21/07
Social Studies Test 11/21/07
Terms
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- american federation of labor
- one of the first large labor unions in the us; organized in the 1800s by samual gompers as an association of individual skilled craft unions
- vertical integregation
- owning businesses involved in each step of a manufactering process
- patent
- an exclusive right to manufacture or sell an invention
- horizontal integregation
- owning all businesses in a particular field
- interstate commerce commision
- ensured that railroads charged fair rates and did not discriminate in favor of big shippers
- free coinage
- gold and silver were coined and paper money was worth a specific amount of gold or silver
- sherman antitrust act
- july 1890 did not define what a trust was in legal terms, difficult to enforce.
- second industrial revolution
- a period of explosive growth in US manufacturing in the late 1800s
- Populist party
- a national political pary, the people's party represented by the high point of farmers political activity
- paramore
- THE BEST BAND EVER [one of them]
- Pullman Strike
- Pullman laid off half his workers and cut the pay of the rest so the workers had a strike.
- interstate commerce act
- provided some uniform national regulations over trade between the states
- gold standard
- only gold could back US currency
- free enterprise
- business that is free from government involvement
- farmers alliances
- organized to elect candidates and to achieve polocies favorable to them
- sherman silver purchase act
- act in which the amount of silver purchased for coinage was increased
- haymarket riot
- union members went on strike to support an 8 hour work day in chicogo, illinois. bomb went off many were killed
- cooperations
- companies that sell shares of ownership called stocks
- entrepreneurs
- people who start new businesses
- collective barganing
- union leaders negotiated for better wages and working conditions on behalf of all workers in a particular factory or industry
- beseemer process
- allowed several tons of iron to be made into steel in only 10 or 20 minutes instead of taking a day or more
- national grange
- social and educational organization for farmers
- trust
- a legal arrangement grouping together a number of companies under a single board of directors
- knights of labor
- a union oorigionally organized as a secret society. built a network of local assemblies in a depression in1870. ONE OF THE FIRST UNIONS may have failed, but encouraged others to try