Ch. 3 Industrialization Test Review

One reason for the country's industrial success was its vast abundance of natural

Who was the head of the American Railway Union

notoriously corrupt railroad owner

Which choice is an example of a fixed cost for a business?

The Knights of Labor suffered steady declines in membership & influence due to lost strikes and

Employers generally viewed union as

A shortage of workers in California forced the Central Pacific Railroad to hire workers from

The American Federation of Labor pushed for closed shops meaning that companies

Issuing stock allows a corporation to raise large amounts of money for big projects while

wages, shipping charges, and supplies

Laissez-faire relies on ____ to regulate procès and wages.

In the late 1800's workers buying power generally increased because

People who risk their own money to organize and run businesses are known as

What is an organization owned by many people but treated as though it was a single person bylaw

Department stores change the idea of shopping by

The government offered each railroad company building the Transcontinental Railroad

Even before the invention of the automobile petroleum was in high demand because it could

head of the American Railway Union

What did several railroads announce in 1877 that triggered the first nationwide labor protest?

Early in industrialization, many members of congress believed tariffs were necessary to

loans, mortgages, and taxes

A ___ is a technique for breaking unions by refusing to allow workers onto their property

The total value of all goods and services that a country produces is its

What is one advantage that big corporations had over small businesses?

The 2 railroads that built the Transcontinental Railroad were the

When a single company achieves control of an entire market it is known as

When a union called a strike employers would often hire replacements called