Terms- Part 1
Terms- Part 2
The Big Guns
American Innovators
Life in Industry
100
Total control over producing or selling a product or service.
What is a monopoly?
100
Pattern of booms and depression in an economy.
What is the business cycle?
100
I created a railroad empire in Northwest part of the United States by encouraging farmers to settle the land.
Who is James J. Hill?
100
Inventor of the telephone.
Who is Alexander Graham Bell?
100
A work stoppage.
What is a strike?
200
Business model that has many advantages over a sole proprietorship and partnership, such as raising money by selling stock.
What is a corporation?
200
System that allows for private ownership of businesses with little government regulation.
What is free enterprise?
200
I had a monopoly on the oil business and was often viewed as ruthless and "cutthroat" by my competitors.
Who is John D. Rockefeller?
200
Inventor of the lightbulb.
Who is Thomas Edison?
200
An organization that had goals such as improving working conditions and wages for employees.
What is a labor union?
300
Period of drastic decline in economic activity, marked by widespread unemployment.
What is a depression?
300
The making of large quantities of goods quickly and cheaply.
What is mass production?
300
I created a huge steel company using the Bessemer process. By 1900, my profits were over $40 million.
Who is Andrew Carnegie?
300
Laid a telegraph line between America and Europe on the floor of the Atlantic Ocean.
Who is Cyrus Field?
300
Act of Congress that regulated how much railroad companies could charge.
What was the Interstate Commerce Act?
400
Money needed to start and operate a business.
What is capital?
400
Discussion between employers and labor unions to settle disputes.
What is collective bargaining?
400
My investments in railroads, steel, and banks made me one of the richest and most powerful men in the world.
Who is J.P. Morgan?
400
Creator of the American Federation of Labor.
Who is Samuel Gompers?
400
Act of Congress that limited big businesses from forming monopolies and trusts.
What was the Sherman Antitrust Act?
500
A share of the profits.
What is a dividend?
500
Free enterprise system that depends on large concentrations of capital.
What is the capitalist system?
500
I created a railroad empire in the Northeast part of the United States by connecting several other shorter railway lines.
Who is Cornelius Vanderbilt?
500
Established a department store in Chicago in 1881.
Who is Marshall Field?
500
An adjective synonymous to "ruthless" that was used to describe men such as Andrew Carnegie and John D. Rockefeller.
What is cutthroat?
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