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Sociology Section II
ur mum
12
Sociology
Undergraduate 1
03/10/2016

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Term
The Gilded Age
Definition
1870-1900 Superficial good stuff, deep bad stuff. Good economy, bad wages working conditions for immigrants, small middle class,
Term
holding company
Definition
Businesses that existed to make a profit by trading stocks. They didn't produce anything. One of the causes of the Great Depression
Term
Sherman antitrust Act
Definition
break it down, where.
Term
oligopoly
Definition
Market structure where a few firms dominate. They can set prices and wages.
Term
Taft-Hartley's Kaws
Definition
Undermined Truman's Fair Deal by supporting businesses. Protected no-strike clause
Term
Frederick Taylor
Definition
Darwinist who proposed plan for efficiency to Rosevelt. He wanted to eliminate unions with a hierarchical manager system.
Term
Scientific Management
Definition
System that aimed to increase efficiency through precise monitoring of workers and managers. Taylor's One Best Way was a form of this.
Term
welfare capitalism
Definition
people will be more efficient if they are happy.
Term
internal labor markets
Definition
an administrative unit within a firm in which pricing and allocation of labor is governed by a set of administrative rules and procedures.
Term
capital-labor accord
Definition
collective bargaining between big businesses and unions
Term
Wagner-Murray-Dingle Bill
Definition
Proposal to institute a national medical and hospitalization program. Shot down due to Red Scare.
Term
Golden Age of Capitalism
Definition
Post WWII economic expansion
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