US History II Study Guide for Industry Quest Terms Laissez-faire Trust Holding Company Transcontinental Railroad Land Grants Robber Barons Labor Union Craft Worker Common Laborer Operating Cost Knights of Labor The Great Railroad Strike 1877 Haymarket Riot Pullman Strike Lakota Native Americans Dawes Act Reservations Assimilation People Karl Marx Andrew Carnegie John D. Rockefeller Alexander Graham Bell Thomas Edison Samuel Gompers General Custer Possible Short answer or Essay questions: 1) How do operating and fixed costs have an effect on how a business is run? (think about the widget simulation!) 2) What is the difference between a common laborer and a craft worker during the time period that we have been studying? 3) How did robber barons take advantage of their workers? And what made robber barons so successful? 4) How were the Railroads changing the United States? (think about the economy, immigration, and the Native Americans) 5) What were working conditions like for common laborers in factories? 6) What was the significance of the major labor unions and strikes that were happening during the late 1800s? What made them so important? 7) What kinds of changes did early unions push for?
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