PEOPLE
Maybe a ruthless entrepreneur, maybe a philanthropist... Led the expansion of the STEEL industry
Andrew Carnegie
A factory where workers work long hours for little pay and in dangerous conditions.
Sweatshop
The pattern of good and bad times in the economy is known as...
The Business Cycle
This CAUSE helped open up the west to America and connect the economy across the country...
Transcontinental Railroad
Having complete control over an industry or product
Monopoly
Started the Standard Oil Company and country's official first billionaire
John D. Rockefeller
Do to a lack of laws, these groups of people worked frequently in dangerous factory positions
Children
Highest point of the business cycle when companies are expanding and people are spending money
Boom
This grew more than double from 1860-1900 and lead to more goods being needed
Population
A company that controls many businesses in the same field
Trust
Immigrants from this country worked on the Central Pacific Railroad
China
When workers refused to work in order to get better conditions
Strike
Low point of business cycle... Businesses are failing and unemployment is high
Depression
New machines & improved processes helped industry produce goods more efficiently...
Many inventors/business owners got THIS to get exclusive rights to their product/invention
PATENT
A person who starts their own business for a profit
Entrepreneur
Immigrants from this country made up the Union Pacific Railroad
Ireland
Group of workers who organize together & negotiate with company owners about wages and working conditions
Labor Unions
People start spending more money as businesses hire back more workers
Recovery
From 1860-1900, 14 million people immigrated to the US, these immigrants had special skills & also provided...
Cheap Labor
A person who donates money to a charitable cause
Philanthropist
Nickname given to business owners who use ruthless tactics to get rid of their competition...
Robber Baron
A fire at this company's factory led to 146 garment worker deaths as a result of poor conditions and no safety measures in place like a fire escape or sprinklers
Triangle Shirtwaist Company
What did banks and wealthy individuals do to help businesses open and support them
Invest or Lend Money
(or Investment Capital)
(Spelling doesn't count)
This word describes a HANDS OFF government approach towards businesses
Laissez-Faire