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12 terms

Industrial Revolution

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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