Share History Ch. 9 Crawford 7T
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Income adjusted to compensate for reduced earning power due to inflation
Real Wages
Village built and run by a company where workers are to live
Company Town
Money that can be redeemed only at a company store
Scrip
Record kept by companies of employees or former employees who are disapproved or are to be punished or boycotted
Blacklist
Sequence of economic activity, usually consisting of recession, recovery, growth, and decline
Business Cycle
Closed factory or place of employment caused by a strike; withholding of employment by an employer
Lockout
Non-Union replacement workers during a strike or union members who refuse to strike and continue working
Scab
Negotiation between organized workers and management to reach an agreement on wages, hours, and working conditions
Collective Bargaining
Hearing and resolution of a disagreement between two parties through an impartial third party
Arbitration
Union that represents every worker in a single industry regardless of his or her job
Industrial Union
Court order requiring an individual or company to do something or to prohibit a given action; used frequently to stop strikes
Injunction
Organized massacres of unharmed people, especially Jews
Pogrom
A belief in no direct government authority over society
Anarchism
Buying and selling of goods in a business for profit
Merchandising
