Topic 02 Industry and Labor Academic Language (US)

Front

tax on imported goods making the price high enough to protect domestic goods from foreign competition

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Protective Tariff

Front

A way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities.

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Bessemer Process

Front

A system used by large firms of consolidating or joining many smaller firms in the same or similar business to decrease competition

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Horizontal Integration

Front

charity; a desire or effort to promote goodness

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Philanthropy

Front

the belief held by some in the late nineteenth century that certain nations and races were superior to others and therefore destined to rule over them

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Social Darwinism

Front

Total control of a type of industry by one person or one company

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Monopoly

Front

a person who works during a strike

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Scab