Fred
What is Capitalism?
Economic or political system in which a country’s trade and industry are controlled by private owners for profit
What does Patent mean
The exclusive right to an inventor to manufacture, use, or sell an invention
What is it when you Reform?
Make changes in something to improve it.
what does Political mean
Seeking power in the government
What does Progressive mean?
Favoring or promoting change, modernization, and transformation
What does Patronage mean
Giving favors or giving contracts in return for political support
What does Conservative mean?
Holding to traditional attitudes and values and cautions about change or advancement
What was the Gilded Age?
U.S. 1870–98 greatly expanded the economy and the power of the super rich.
What is Labor
Work at an unskilled manual occupation
What is an Economy?
Wealth and resources of a country or region in terms of production and consumption of goods and services
What is an Immigrant
A person who comes to live permanently in a foreign country
What is a Monopoly
The exclusive possession or control of supply or trade in a service or good
Who were Muckrakers
1906 - Journalists who searched for corruption in politics and big business
What is Industrialization
Development of industry, business, and the economy
What is Suffrage
The right to vote in political elections
what does Effect mean
Something that is produced by a cause
What are Unions?
An association of workers, formed to bargain for better working conditions and higher wages.
What is a Labor Union
An organized association of workers formed to protect and further their rights and interests.
What is a Cause
The reason something happened
what does Invention mean
To create something new
What is the act of Urbanization?
The Process of making an area more city-like; the growth of cities and towns from villages
What are the 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.
Who were Robber Barons
Industrialists gained huge profits by paying their employees extremely low wages.
What is Trust
A group of corporations run by a single board of directors
What was Laissez Faire.
Idea that government should play as small a role as possible in economic affairs