1
Economic or political system in which a country’s trade and industry are controlled by private owners for profit
Capitalism
The exclusive possession or control of supply or trade in a service or goo
Monopoly
A group of corporations run by a single board of directors
Trust
Living in companionship with others or in a community, rather than in isolation
Social
Make changes in something to improve it
Reform
An association of workers, formed to bargain for better working conditions and higher wages
Union
Favoring or promoting change, modernization, and transformation
Progressive
Seeking power in the government
Political
Wealth and resources of a country or region in terms of production and consumption of goods and services
Economy
Something that is produced by a cause
The reason something happened
Cause
An immigrant receiving station that opened in 1892, where immigrants were given a medical examination and only allowed in if they were healthy
Ellis Island
An immigrant receiving station that opened in 1892, where immigrants were given a medical examination and only allowed in if they were healthy
Ellis Island
A person who comes to live permanently in a foreign country
Immigrant
Work at an unskilled manual occupation
Labor
An organized association of workers formed to protect and further their rights and interests
Labor Union
The exclusive right to an inventor to manufacture, use, or sell an invention
Patent
To create something new
Invention
U.S. 1870–98 greatly expanding economy and the power of the super rich
Gilded Age
Holding to traditional attitudes and values and cautions about change or advancement
Conservative
Development of industry, business, and the economy
Industrialization
Industrialists gained huge profits by paying their employees extremely low wages.
Robber Barons
(1890) a law that made it illegal to create monopolies or trusts that restrained free trade
Sherman Antitrust Act
Process of making an area more city-like; the growth of cities and towns from villages
Urbanization
Idea that government should play as small a role as possible in economic affairs
Laissez Faire