Labor Historians Generally Consider the Knights of Labor (K of L)

question 58

True/False

Labor historians generally consider the Knights of Labor (K of L), established in 1869, as the first truly national trade union.

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Definitions:

Pre-Merger Market

The financial and economic conditions affecting companies and their stock prices before they undergo a merger.

External Growth

Expansion of a business through acquiring or merging with other companies, as opposed to internal growth through increasing sales, product lines, or efficiencies.

Diversification

In finance, selecting a portfolio of different (diverse) investments to limit the overall risk borne by the investor.

Economies of Scale

Cost advantages that a business can achieve due to expansion and increased production volume, leading to lower per-unit costs.