Businesses
2nd Industrial Revolution
Important Persons
Terms
100
What is a business that sell portions of ownership called stock shares?
A corporation
100
What was the period of rapid growth in U.S. manufacturing?
2nd Industrial Revolution
100
The first practical electric light bulb was invented by who?
Thomas Edison
100
What is a way to manufacture steel quickly and cheaply by blasting hot air through melted iron?
Bessemer Process
200
This is the grouping of many companies under a single board.
A trust
200
What were some new uses for steel?
Building construction and railroads
200
He revolutionized the automobile industry and implemented the assembly line.
Henry Ford
200
What is a patent?
It is the right or authority for an invention that excludes others from taking it.
300
The purchase of these show one's ownership in a company. Can sell at any time.
Stock Shares
300
Name something that the Industrial Revolution revolutionized.
Communication, Transportation, Steel, Electricity
300
They invented the first airplane powered by gas in 1903 and was the first to successfully fly one.
The Wright Brothers
300
What is total ownership of a product or service?
A monopoly
400
Owning businesses involved in each step of manufacturing.
Vertical Integration
400
What led the dominance of big business in the U.S.?
The rise of corporations and business leaders.
400
He made a fortune selling equipment to miners and founded a University named after him.
Leland Stanford
400
What do you call when workers act collectively, or together, to negotiate with management?
Collective bargaining
500
Ownership of all businesses in a certain field.
Horizontal Integration
500
What were government concerned about for big business?
Child labor, low wages, and poor working conditions
500
One of the most admired business people at the time. He focused on steel making.
Andrew Carnegie
500
The belief that the stronger on the top of the society deserve their place and will eliminate those that are weaker. Survival of the fittest.
Social Darwinism
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