Labor. The workers, or employees, of a company Management.

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Presentation transcript:

Labor

The workers, or employees, of a company

Management

People who are ‘in charge’ of a company – they make the decisions

Union

An organized group of workers who “fight” to improved various working conditions

American Federation of Labor libweb.hawaii.edu/.../hwrd/hwrd_gifs/238f.gif

A labor union created by Samuel Gompers. They used strikes to get higher wages and shorter hours

Big Business

Term used to describe the corporation sand monopolies since the industrial revolution of the late 1800s.

Capital

The total worth of a company in money, stocks, goods,,or machinery (assetts)

Capitalism

Economic system where there is private ownership, competition, and profit.

Andrew Carnegie

Scottish immigrant who dominated the steel industry by He later sold his steel company and supported charities.

Child Labor Laws “Abolish Child Slavery”

Laws designed to protect children who work in industry or agriculture

Collective Bargaining

Negotiations, or discussions, between a union and management usually about wages, hours, work conditions, or rules at the workplace.

Competition

The opportunity for businesses to provide the best product or service at a lower price than other businesses

Congress of Industrial Organizations

In 1938 the industrial union joined together and formed this organization, called the CIO

Consumer Goods

Products made or grown by producers, and used by the people.

Corporation

A business that is owned by many investors (stockholders)

Entrepreneur

An individual who organizes and manages a business for profit ($$)

Samuel Gompers upload.wikimedia.org More rights for workers!

He create the American Federation of Labor – a powerful union in the United States

Homestead Strike cache.eb.com/eb/image?id=71048&rendTypeId=4

1892 steel strike in Homestead, PA over wages. The strike ended in violence with the U.S. government send in the national guard

Industrial Revolution

General period of time in the late 18 th century AND 19 th century when goods that were usually made in the home or small shop were produced in factories with new inventions.

Sweatshop

Workplace where people labor long hours in poor conditions for low pay – an awful place to work

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