Match the following items with the best possible description. 1. negotiations between labor and employers drake 2. control over a product collective bargaining 3. american federation of labor whitney 4. monopoly of oil industry field 5. knights of labor carnegie 6. standardized parts urbanization 7. move to the city gompers 8. dominated steel industry stephens 9. trans-atlantic cable monopoly 10. drilled first oil well rockefeller

1- Collective bargaining --- Negotiations between labor and employers

2- Monopoly --- Control over a product

3- Gompers --- American Federation of Labor

4- Rockefeller --- Monopoly of oil industry

5- Stephens --- Knights of Labor

6- Whitney --- Standardized parts

7- Urbanization --- Move to the city

8- Carnegie --- Dominated steel industry

9- Field --- Trans-Atlantic cable

10- Drake --- Drilled first oil well

Explanation:

1- Collective bargaining is the voluntary process that takes place between workers 'associations and employers' associations. The purpose of the negotiation is to reach an agreement regarding the labor conditions applicable to the generality of workers in the area in which the negotiation is circumscribed.

2- A monopoly is a situation of legal privilege or market failure, in which there is a producer or economic agent that has great market power and is the only one in a given industry that has a product, good, resource or service.

3- Samuel Gompers was an English-American labor leader, that created an association of unions that in 1886 would adopt the name of American Federation of Labor (AFL) of which he was president from 1886 until his death in 1924.

4- John Rockefeller was an American entrepreneur and investor who worked in the world of the oil industry, reaching the point of monopolizing it. He was the founder and president of Standard Oil, a giant company that came to control the extraction, refining, transportation and distribution of more than 90% of US oil and held entire monopolies in multiple foreign countries.

5- Uriah Smith Stephens was an American trade union leader and founder of the Knights of Labor.

6- Eli Whitney was an American inventor and manufacturer. His biggest contribution to the industry in the United States was the implementation of the manufacturing system and the assembly line.

7- The process of urbanization is the progressive concentration in the city of the population and its economic activities.

8- Andrew Carnegie was an American industrialist, businessman and philanthropist from Scotland. As a child, he emigrated from Scotland with his parents. He worked from a very young age on the Pennsylvania Railroad Company. At age 20 he became manager of the same railroad company and the apprentice of Thomas A. Scott, owner of the Pennsylvania Railroad Company. He created the Carnegie Steel Company in Pittsburgh, which later merged with the Federal Steel Company of Elbert H. Gary and with several smaller companies to create U.S. Steel.

9- Cyrus West Field was an American entrepreneur and financier who ran the Atlantic Telegraph Company, which conducted the first telegraph cable laying across the Atlantic Ocean in 1858 with successful results.

10- Edwin Laurentine "Colonel" Drake was an oil driller from the United States who is popularly credited with having "discovered" oil.

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