American Industrialization
This term means to allow private ownership of companies. Thus the owners get the profits.
Free Enterprise
This insect was the reason for the decrease in cotton production in the Southern States in 1890.
The North was known to have more of these __________ which allowed for massive transportation of goods and services.
Railways
What act encouraged movement West by giving out free land if people farmed it for five years?
Homestead
This person was the first major producer of steel in the U.S. and went on to own one of the largest businesses.
Andrew Carnegie
This is a term that is used for a company that has complete control over a good or service.
What resource did the Southern economy mainly rely on? This is known as "King ______"
The North wanted a __________ tariff which would allow for American business expansion.
Protective/High
This is the name of the railroad that extends from the Eastern to the Western coast in the United States.
Transcontinental railroad
This person controlled 90% of the oil in the United States during the late 1800s.
John D. Rockefeller
This is a term for having legal rights to an invention or innovation
Patent
Low tariffs are wanted so the South can sell ________ overseas
Cotton
The rich
This group of people was known for expanding ranching/agriculture in the Southwestern United States.
Mexicans
This person created the lightbulb and the General Electric Company
Thomas Edison
Laissez - Faire
The South wanted ________ tariffs to allow selling cotton to the world.
Low / Revenue Tariffs / Free Trade
Term used for acquiring all companies that make a similar product.
Horizontal Integration
These two groups of people are known for working for minimal money to create railroads.
Irish and Chinese
This person created the first telegraph communications
Samuel Morse
This is a term used for people who put forth the money to start a business, thus assuming the profits and debts.
Entrepeneur
Urban
Term used for a company who owns all the means of producing and transporting a product.
Vertical Integration
This invention allowed for the expansion of the steel industry under Andrew Carnegie
Bessemer
Owner of the largest investing firm of the 1800s that created General Electric and U.S. Steel
JP Morgan