industrialism

Industrial Revolution

Rapid development of industry brought about by the development of machines

Horizontal Integration

Consolidating many firms in the same business

Vertical integration

consolidation of all the business that make up the phases of a products development

John D. Rockefeller

Associated with oil

Andrew Carnegie

Owned the homestead steel plant in Pittsburgh, PA

Collective Bargaining

Negotiating as a group with their employers for higher wages or better working conditions

Socialism

Economic and political philosophy that favors public instead of private, control of property and income

Haymarket Riot

The knights of Labor fizzled out as people shield away from radicalism

Homestead strike

epidemic of steelworkers and miners strikes that took place as economic depression spread across America. In each case troops and local militia were called in to suppress the unrest

Pullman Strike

Rail workers were refusing to work on, handle, or move any trains that had Pullman cars on them

Patterns of outcomes for labor union strikes

• union got its way

• Business owners get support from the government