Section 1
inventor of the telphone
alexander graham bell
an engineer who was in charge of pushing the Union Pacific Railroad West across America
Greenville Dodge
When a company has complete control over an industry.
monopoly
a rise in the value of money
deflation
the most famous inventor of the 1800's. His most important contributions were to electricity as he started the company GE
Thomas Edison
Entrepreneur who built and operated the Great Northern Railroad
James. J. Hill
an organization that is owned by many people but treated by law as if there is only one person running the company
corporation
unions limited to people with a specific skill
trade unions
the total value of all good and services produced by a country
gross national product
famous Robber Baron, he used information he acquire as a railroad executive to manipulate the stock market and make a large sum of money
jay gould
people who own part of the company by contributing money to the company. This allows the company to grow quickly
stockholder
a formal court order
injuction
the law that increased taxes in America, also increased the loans given to big companies the government thought were important to USA's development
morrill tariff
provided for the construction of a transcontinental railroad
pacific railway act
corporations are able to produce goods cheaper because they produce so many of them.
economies of scale
belief in class struggle, the workers vs. the owners. He believed the workers should revolt and overthrow and owners.
marxism
a highly driven individual who takes large risks at the chance to make a lot of money(or potentially lose alot of money)
entrepreneur
one of the big four, he ended up becoming the governor of California
leland Stanford
costs that are part of running a company such as paying wages, buying matrial, buying equipment, and paying insurance.
operation costs
labor union that brought many chances to the American work day such as an eight hour work shift and better pay, and better rights for women.
knights of labor