Vocabulary
This economic system that has private ownership of businesses.
What is capitalism?
This is America's economic system?
What is capitalism?
This act broke up trusts (monopolies) in America.
What is the Sherman Antitrust Act?
Who invented the telephone?
Who was Alexander Graham Bell?
This railroad connected the east and west coasts of America.
What is the Transcontinental Railroad?
This protects an inventor from others copying their invention.
What is a patent?
This is the product that the Bessemer System produced.
What is steel?
They fought for better pay, hours and working conditions for workers.
What are labor unions?
It is when workers organize and negotiate in large groups.
What is collective bargaining?
There were places that the American government forced Native Americans to live after the Civil War.
What were reservations?
This is an issue or problem a society has faced over time.
What is an enduring issue?
This is the percentage of the oil industry owned by John D. Rockefeller.
What is 90%?
He invented the light bulb.
Who was Thomas Edison?
This was a book that helped factory managers make their factories more efficient.
What is Principals of Scientific Management?
He assassinated President Lincoln.
Who was John Wilkes Booth?
This is a situation where one company owns all of the companies in the industry. (Standard Oil)
What is horizontal integration?
This is the belief that the smartest and hardest working will make their way to the top.
What is social Darwinism?
What is the owner of a business called?
What is an entrepreneur?
When a person owns a small part of a company the person probably owns what?
What is stock?
This was a new type of ship that was developed during the Civil War. (Monitor)
What is a ironclad?
This is a system when a company owns all of the steps of production. (Carnegie steel)
Vertical integration
This is a period in American history when manufacturing in factories increased.
What is the Second Industrial Revolution?
They invented the airplane.
Who were the Wright Brothers?
He was largely responsible for the development of the steel industry.
Who was Andrew Carnegie?
This act gave people 160 acres of land if they agreed to move out west for at least five years.
What is the Homestead Act?