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