Industry 3-4

A corporation is owned by

• Just one person who runs it

• many people who have invested

What does a philanthropist do?

• Works to get more people to move to Philadephia

• Wipes out their competitors and control and industry

• Donates money to charities

• Tries to get people to like them by increasing wages

A monopoly does this to its competitors to control an industry

• Wipes out its competitors

• Splits into many smaller companies

• Gives money to many charities

• Cooperates with other companies to have competition

Monopolies hurt customers by lowering prices and decreasing competition.

• True

• False

A group of corporations run by a single board of directors.

• monopoly

• trust

• corporation

• robber baron

Name given to the very rich turn of the century businessmen who used ruthless and sometimes illegal methods to gain wealth. Ex. John D. Rockefeller.

• billionaires

• company men

• knights of labor

• robber barons

An organization of workers who come together to protect and expand their rights in the workplace.

• labor groups

• workers klan

• labor unions

One of the first labor unions dedicated to protecting worker’s rights.

• robber barons

• Knights of Labor

• philanthropists

An 1886 labor union rally that ended in violence when a bomb exploded.

• Haymarket Affair

• laissez-faire

• Sherman Anti-trust Act

• assembly line

Era in the late 1800/early 1900s in which the few rich hid many of the problems facing the country.

• Golden Age

• Gilded Age

• Age of Monopolies

• Age of Greed