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CH5 Industrialization

Horizontales
a legal arrangement where one person to manage another person's property.
Employers kept and shared records of employees who promoted unions and caused trouble. The employers goal was to keep them from working in industry and causing trouble.
labor union that preferred to organize boycotts of a company rather than potentially violent strikes to get concessions from employers.
The idea that government should allow people to do as they choose and not interfere or regulate business.
When workers were locked out of a factory and employers refused to pay them or let them back in to the factory.
The fall in the value of money.
Vertical Integration
Horizontal Integration
economic theory that emphasized class struggle and strong government to eliminate private ownership and no social classes.
process in which a third party helps workers and employees reach an agreement.
Organizations that represent the interests of all workers in certain industries.
agreements between businesses to keep prices from falling below a certain level.
companies that were unionized could only hire union members.
Verticales
Workers voting to shut down a plant to force employers to meet their demands.
shares of ownership of a corporation
The rise in the value of money. The result is that money buys more.
The total value of goods and services that a country produces.
Organization that represents the interests of certain types of sklled craftsmen.
a company that produces nothing but owns a number of other companies that do produce goods.
the cost of manufacturing is decreased by producing goods quickly and in large quantitites
An organization owned by many people but treated by law as though it was a person.
Organizations that represent the interests of all workers regardless of skill or industry.
When a single company achieves control of an entire market.