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| ____________ unions were made up of all people both skilled and unskilled. |
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| __________ unions only were made up of people with a skill or craft like iron molding, machinists, or stonecutters. |
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| This idea said that there was a class struggle between the proletariat or workers and the bourgeoisie or owners that would end with a violent overthrow of the owners. That idea is called? |
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| What caused industries to cut wages over and over and gave employees more buying power? |
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| What do people say about monopolies? (explain good and bad) |
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| This technique to stop people from joining unions labeled people as troublemakers so no one would hire them. |
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| Now that industries were able to produce large amount of products what things came about to help sell those products? |
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| These were a legal way around monopolies by allowing one person to manage your property without owning it. |
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| This type of integration often led to monopolies by owning all the companies in your industry (e.g. Standard Oil) |
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| This type of integration is when you own all the types of industry that go into making your product. (E.g. cattle, trucks, packing, storing, shipping of meat) |
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| Big Business have small ____________ __________ which means they are better off operating during economic downturn. |
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| Small businesses have small ____________ __________ which means they are better off shutting down during economic downturn. |
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| This man became very rich after working from nothing to eventually investing in the steel industry where he made a fortune. |
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| Some companies tried to hold up prices by joining together or consolidation in a what? |
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| These allow stockholders to raise money and spread out costs. |
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| Organizations that are owned by several people but treated by law as one person. |
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| This robber baron used insider trading to manipulate stocks and make a fortune. |
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| A big benefit from the railroad that still effects our lives today by putting us all on the same page is? |
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| These given by the government as help to railroads allowed robber barons to make more money than what they did from just their railroads. |
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| This man was the only one to own and operate a railroad without government subsidies or land grants and the only railroad not to go bankrupt |
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| This man was very successful at consolidating (bringing together) railroads. He had the first rail service from NY to Chicago and built NY's Grand Central Terminal |
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| Leader of the American Federation of Labor. |
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| The Pullman Strike was ended when... |
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| The ________________ __ _______________ were the first nationwide industrial union. |
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| The _________ ________________ ___________ of 1877 ended with President Hayes calling in the military to open the rail between Philly and Pittsburgh, leaving 100 dead and a million dollars in damaged property. |
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| Scabs or __________________ were payed during strikes as replacement to the locked out workers. |
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| What are the 3 goals of the American Federation of Labor? |
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| Out of the "Big Four" that became crazy rich on the Central Pacific, which man went from grocer to Governor, Senator, and founded a university |
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| What 2 railroad companies were involved in the transcontinental railroad project? |
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| This man was in charge of the Union Pacific Railroad. |
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| This Act signed by President Lincoln got the transcontinental railroad going. What was it called? |
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| List 4 impacts of technologies during this time period. |
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| This man harnessed electricity, invented the incandescent light-bulb, and founded what now is known as GE (General Electric). |
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| This man invented the telephone and founded the company that is now known as AT&T. |
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| These people are those who risk their own money to organize and run a company. |
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| This tariff did not stick to the Lassez-Faire principles but solved the economic dispute between North and South. |
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| John Locke came up with this economic idea that means "hands off" or "let do" talking about the government keeping its hands out of the economy except to protect your life, liberty, and property. What is it called? |
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| There are 2 big reasons why industrialization took off after the Civil War. One was a large amount of natural resources in the West. What was the other? |
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| This increased 8 times since the end of the Civil War due to the industrial revolution. |
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