Who Led the American Railway Union in the Pullman Strike

question 65

Multiple Choice

Who led the American Railway Union in the Pullman Strike?

• A) James Weaver
• B) James Blaine
• C) Eugene V. Debs
• D) Chester Arthur
• E) Terrence Powderly

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Definitions:

Equilibrium Price

The rate at which the amount of products offered matches the amount of products consumers want.

Unregulated Market

A market where the government does not impose price controls, quotas, or other restrictions on the forces of supply and demand.

Deadweight Loss

The diminished economic effectiveness arising from a failure to achieve or the inability to achieve equilibrium for a product or service.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.