Industrial Revolution
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Created by:
delucia Teacher on November 3, 2009
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12 terms
Terms | Definitions |
|---|---|
 labor union | an organization of workers that tries to improve working conditions, wages, and benefits for its members |
| collective bargaining | process in which workers negotiate as a group with employers |
| populist | a supporter of the rights and power of the people |
| progressive movement | reform effort, generally centered in urban areas and begun in the early 1900s, whose aims included returning control of the government to the people, restoring economic opportunities, and correcting injustices in American life. |
| corporation | business that is owned by investors |
| Sherman Anti-Trust Act | an 1890 law that banned the formation of trusts and monopolies in the United States |
| monopoly | a complete control over a supply, service or market |
| capitalism | economic system in which all business is privately owned. American ideal |
| socialism | economic system in which all or most of the means of production are privately owned. Socialists are opposed to capitalists |
| communism | production of goods and services are controlled by the government. Everyone is equal. Property is owned by everyone |
| trust | a large business made up of a group of companies |
| muckraker | people who exposed social concerns and problems |
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