The Gilded Age Vocabulary

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Laissez-Faire Economics

Back

Economic system with no government intervention in business.

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Vertical Integration

Back

A practice where a single manufacturer controls all steps from raw materials to finished products.

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Horizontal Integration

Back

A practice where a company takes over all its competitors.

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Social Darwinism

Back

Theory that the best people in society rise to the top.

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Labor Union

Back

An organization of workers improving conditions, wages, and benefits.

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Strike

Back

Organized work stoppage to force employer to address union demands.

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Lockout

Back

A company tool to fight union demands by refusing to allow employees to enter its facilities.

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Blacklist

Back

A list exchanged among employers of persons barred from employment.

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Push Factor

Back

A factor causing people to leave their homelands and migrate.

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Pull Factor

Back

Factors that induce people to move to a new location