Topic 02 Industry and Labor Academic Language (US)

Match the Following People

• John D. Rockefeller

• Steel tycoon who owned the coal mines, ships, and railroads that brought steel to the mills

• Andrew Carnegie

• founder of the American Railway Union who helped organize the Pullman Strike. Known Socialist organizer.

  
  

• Eugene V. Debs

• Ohio oil tycoon who built up Standard Oil

• Cornelius Vanderbilt

• United States financier who accumulated great wealth from railroad and shipping businesses (1794-1877)

A person who takes risks and invests money in a product or business with the goal of making a profit​ (a)  

• Andrew Carnegie
• Labor Union
• Philanthropy
• Social Darwinism
• Scab
• Entrepreneur

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

• Trust

• Protective Tariff

• Bessemer Process

• Scab

• Vertical Integration

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.​ (a)  

• Capitalism (Laissez Faire)
• Labor Unions
• Protective Tariffs
• Bessemer Process
• Monopoly
• Horizontal Integration

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

• Social Darwinism

• Philanthropy

• Pullman Strike

• Bessemer Process

• Scab

A system used by large firms of consolidating smaller firms involved in the process of a product's manufacture to control all steps of the process.​ ​ (a)  

• Vertical Integration
• Horizontal Integration
• Monopoly
• Capitalism (Laissez Faire)
• Trust
• Bessemer Process

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

• Horizontal Integration

• Monopoly

• Vertical Integration

• Bessemer Process

• Capitalism (Laissez Faire)

charity; a desire or effort to promote goodness

• Labor Unions

• Philanthropy

• Protective Tariffs

• Scab

group of separate companies that are placed under the control of a single managing board in order to form a monopoly​ (a)   ​

• Trust
• Sherman Antitrust Act
• Labor Unions
• Capitalism (Laissez Faire)
• Vertical Integration
• Horizontal integration

organization of workers who try to better working conditions for those in their trade​ (a)  

• Labor Unions
• Protective Tariffs
• Monopoly
• Social Darwinism
• Trust
• Entrepreneur