Vocabulary
Robber Barrons
Captains of Industry
Causes of the 2nd Ind. Rev.
Big Business
100
Development of a system which supports machine production of goods.
What is Industrialization?
100
Company name and owner name of America's first monopoly.
What/ Who is Standard Oil and JD Rockefeller?
100
"A man who dies rich, dies disgraced."
Who is Carnegie?
100
War that left the nation in ruins and in need of materials for restoration.
What is the Civil War?
100
Owning all the companies in an industry.
What is a monopoly?
200
Nonviolent refusal to continue to work until a problem is resolved.
What is a strike?
200
Steamboat then railroad giant.
Who is Vanderbilt?
200
Born in Scotland, went from rags to riches?
Who is Carnegie?
200
This innovative method made it easier to produce steel.
What is the Bessemer Process?
200
An amount owned by a business.
What is liability?
300
The return of a portion of the money received in a sale or contract, often secretly or illegally, in exchange for favors.
What is a kickback?
300
Robber Baron dominating the steel industry.
Who is Carnegie?
300
A word for giving away your wealth to charity.
What is philanthropy?
300
Their presence created a ready work force for factories.
Who are immigrants?
300
One or two companies join together.
What is a merger?
400
A business owned by stockholders who share in its profits but are not personally responsible for its debts
What is a corporation?
400
Robber Baron controlling finance.
Who is JP Morgan?
400
Employed Henry Clay Frick to run his business under horrific working conditions then went away to his castle in Scotland.
Who is Carnegie?
400
These _________ (iron, ore, coal, and oil) helped fuel the industrial revolution.
What are natural resources?
400
Several companies join together to fix prices and reduce competition.
What is a trust?
500
(aka free enterprise) An economic system in which individuals own and operate the majority of businesses that provide goods and services. Competition, supply, and demand determine which goods and services are produced, how they are produced, and how they are distributed. (US, Canada, Japan, and Australia)
What is capitalism?
500
Famous for having a "bookkeeper's mind [that] only seemed interested in money and profits but not people."
Who is Rockefeller?
500
Loaned the nation $62 million to keep the US treasury from collapsing.
Who is JP Morgan?
500
The philosophy that government should not be involved in private business.
What is Laissez Faire
500
Owning all companies that handle every aspect of making a product from start to finish.
What is Vertical Integration?
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