Vocabulary
Economics
Inventions
Inventors
Gilded Age
100

The process of using coal to separate iron from its ore

Smelting

100

Means of production are privately owned and operated for profit.

Capitalism

100

This invention allowed farmers to spread large amounts of seed over large areas quicker.

Seed drill

100

Steam Engine

James Watt

100

Who founded Carnegie Steel? (first and last name required)

Andrew Carnegie

200

Multi-story buildings that were divided into crowded apartments

Tenements

200

A policy of letting things take their own course without interfering.

Laissez-faire

200

This invention separated cotton fibers from the seeds.

Cotton Gin

200

Cotton Gin

Eli Whitney

200

Who controlled shipping and railroads?

Cornelius Vanderbilt

300

A company that dominates one industry

Monopoly

300

The people as a whole rather than private individuals would own and operate the means of production.

Socialism

300

Edmund Cartwright invented this mechanized weaving machine.

Power Loom

300

Power Loom

Edmund Cartwright

300

Who founded Standard Oil company, and what year was it founded?

John D. Rockefeller in 1870

400

The movement of people to the cities

Urbanization

400

A form of socialism where the government should own everything, no private property, all goods and services would be shared equally.

Communism
400

This engine allowed factories to move away from rivers because it ran off of coal.

Steam Engine

400

The Bessemer Process

Henry Bessemer 

400

What was the first billion dollar company?

U.S. Steel

500

The process of taking over and fencing off land formerly shared by peasant farmers

Enclosure Movement

500

The greatest happiness for the greatest number of citizens.

Utilitarianism

500

A process where impurities are removed from iron by oxidation.

Bessemer Process

500

The Flying Shuttle

John Kay

500

**DAILY DOUBLE!!**

What two companies were merged together to create General Electric?

Edison General Electric and Thomas-Houston Electric

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