1st Version Capital and Labor Terms

What is the definition of Samuel Gompers?

• a prominent labor leader and the founder of the American Federation of Labor (AFL).

• a famous American inventor known for the light bulb.

• a renowned British author of the Harry Potter series.

• a celebrated Italian painter of the Renaissance.

What is the definition of NLU?

• National Labor Union was the first significant national labor federation established in 1866 to advocate for workers’ rights.

• Natural Language Understanding, a branch of artificial intelligence that focuses on machine reading comprehension.

• National Library Union, an organization that coordinates library services across the country.

• Networked Learning Unit, a concept in education that emphasizes online and collaborative learning.

What is the definition of Yellow dog contracts?

• were agreements that required workers to promise not to join or remain a member of a labor union as a condition of employment.

• were contracts that guaranteed workers a minimum wage.

• were agreements that provided workers with health insurance benefits.

• were contracts that allowed workers to take unlimited paid leave.

What is the definition of scab?

• A derogatory term for a worker who continues to work or takes the place of workers on strike, used to undermine labor activity.

• A type of plant disease caused by fungi.

• A protective crust that forms over a wound during healing.

• A tool used in agriculture for cutting crops.

What is the definition of lockout?

• is a labor dispute strategy used by employers to prevent employees from entering the workplace, typically during negotiations.

• is a method used by employees to slow down work without going on strike.

• is a technique used in sports to prevent the opposing team from scoring.

• is a security measure to prevent unauthorized access to a computer system.

What is the definition of Civil Service Act?

• a landmark legislation passed in 1883 that aimed to reform the federal government establishing a merit-based system for hiring.

• a law that mandates the separation of church and state in government affairs.

• an act that requires all citizens to serve in the military for a minimum of two years.

• a regulation that enforces environmental protection standards across all industries.

What is the definition of Wabash v Illinois?

• a landmark Supreme Court case decided in 1886 that limited the rights of states to regulate interstate commerce; RR rates.

• a Supreme Court case that established the principle of judicial review.

• a case that determined the legality of monopolies in the United States.

• a court decision that addressed the rights of workers to unionize.

What is the definition of ICC?

• The Interstate Commerce Commission (ICC) was a regulatory agency established in 1887 to oversee and regulate the railroads.

• International Cricket Council, the global governing body for cricket.

• International Chamber of Commerce, a world business organization.

• Integrated Circuit Card, a type of smart card.

What is the definition of hard money?

• Definition: refers to currency that is backed by a tangible asset, such as gold or silver, and is often considered more stable than paper.

• Definition: refers to currency that is not backed by any physical asset and is subject to inflation.

• Definition: refers to digital currency that is used for online transactions.

• Definition: refers to currency that is only used within a specific country and cannot be exchanged internationally.

What is the definition of greenback party?

• as a political party formed in the United States in the 1870s that advocated for the issuance of paper money.

• as a movement that supported the gold standard in the late 19th century.

• as a political group that opposed the use of paper currency in favor of coinage.

• as an organization that promoted free trade and opposed tariffs.