Vocab
People
Inventions
Misc
Vocab 2
100
What is a system of connected elements, such as rail lines called?
Network
100
Who was known for his work in the automobile industry?
Henry Ford
100
True or false: At first, the military was the only organization to find a practice use for the airplane.
True
100
Why did workers form labor unions?
low wages, child labor, unsafe working conditions
100
True or False: We were able to communicate more effectively with Europe using the transatlantic cable.
True
200
A single company that controls a business or industry is called a ______________.
Monopoly
200
___________ was known for his advances in communication.
Alexander Graham Bell
200
How did technology impact economics during this time period?
New machines were used, they paid workers less and needed less workers.
200
How did trusts benefit the economy?
Lowered production costs, which increased wages
200
What was the result of the Triangle Shirtwaist Factory Fire?
Many states passed laws protecting factory workers.
300
What is a patent?
A license needed for a new invention
300
Who was known for his work in banking?
J.P Morgan
300
What was one of the major effects of Henry Ford’s method of producing automobiles?
Many Americans could now afford cars
300
What advanced did women make in the workplace?
better pay, shorter hours
300
Describe the effect of railroad rebates.
They hurt small businesses and often ran them out of business.
400
What is a corporation?
A business owned by investors.
400
Name the person who was known for his work in the steel industry.
Andrew Carnegie
400
Name two inventions Thomas Edison had.
Motion picture projector, electric power plant, phonograph.
400
Name two ways the railroads affected the economy of the United States.
Created many jobs, started new business practices, helped transport goods, people, and services.
400
Describe railroad pools.
Companies agreed to divide up the business in an area; prices were then raised and the companies were able to make a profit.
500
What is a trust?
A group of corporations run by a single board of directors
500
Who was known for his work in the oil industry?
John. D Rockefeller
500
What advance made a network of railroad lines possible?
A standard gauge
500
Name two goals of the Knights of Labor.
End to child labor, equal pay for men and women, shorter work day.
500
What is a share of a company's profits called?
Dividend
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