Chapter 5 U.S. History Review

Laissez-faire relies on ___________ to regulate prices and wages

 government offered railroad companies building the trancontinental R.R. land to?

In contrast to department stores, which offered many services, chain stores focused on offering

A _____ was a technique for breaking a union in which the company refused to allow workers in

owns stock companies that produce goods

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

Began the Rail Road boom

Corporations bought new machines in order to achieve

To make rail service more reliable, in 1883 the American Railway Association

Wages, Shipping charges, and supplies are examples of

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

Set up research laboratory at Menlo Park, New Jersey

Some labor supporters were anarchists, who believed that society did not need any

founder of a steel company in Pittsburgh

R.R. compainies raised most of th emoney that they needed to build their roailroads from

Measurements taken of Union soldiers during the Civil war led to the development of

Changed Bobbins without stopping

Loans, Mortgages, and taxes

Economies of scale resulted in

Agreements among companies to keep prices at a certain level were known as

manages property for others

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

operated Standard oil

Construction of the Union Pacific Railroad pushed west from

Employers generally viewed unons as

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

It make sense for big corporations to continue operating during poor economic times because

Iron Molders International Union, for example

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

In the Credit Mobilier scandal, Union Pacific investors got rich by

How did N.W. Ayer and Son, the first advertising ocmpany, try to attract customers?

 shortage of workers in Ca. forced the Central Pacific R.R.  to hire about 10,000 workers from?

The two railroads that built the trancontinental Railroad were the

Head of the American Railway Union

Department stores changed the idea of shopping by

Saw Capitalism as a struggle between workers and owners

Began the first direct rail service between New York City and Chicago

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

which group was hurt the most by the Morrill Tariff

in early days of industrialization, members of Congress believed that tariffs were necessary to

The knights of Labor suffered a steady decline in membership and influence due to lost strikes

drilled first oil well

Supporters of Laissez-faire believed the government should interfere only to

A steel company that owns coal mines,limestone quarries, iron ore fields it depends on is

Known for manipulating stock prices