Vocabulary
Who dat
Very presidential
Opportunity?
All about biness
100

It is an economic system where individuals own businesses (production of products) and pays for labor (workers) to make money.

Capitalism

100

The owner of Menlo Park innovation complex, He is given credit, during this age, for inventing the light bulb filament

Thomas Edison

100

Helped facilitate (start) a war between Columbia and Panama so we could gain possession of the Panama Canal

Theodore Roosevelt

100

Unethical practices allowed some business owners to control most or almost all of a given market (example oil industry)  What is that called

Monopoly 

100

Because of the growth of business across the country, population distribution changed from what to what

Rural to urban

200

Early 20th century term for an unscrupulous (cheat, low ethical standards) business person

Robber Baron

200

One of the wealthiest and influential men in American History.  He controlled the early oil industry

John D. Rockefeller

200

Famous for allegedly getting stuck in the White House bathtub.  He was also responsible for America's dollar diplomacy in Latin America

William Howard Taft

200

World War allowed the mass migration of African Americans out of the south to northern cities.  This was called what?

The great migration

200

A tactic used by organized labor to force a business to bargain for better wages and working conditions

strike

300

an economic philosophy that advocates for minimal government interference in the economy.

Laissez Faire

300

Owner of the largest steel industry during the industrial age, he wrote that to die wealthy was to die disgraced

Andrew Carnegie 

300

President during WWI.  He tried to keep America isolated and out of war, but he was forced into it

Woodrow Wilson

300

American Battle cries to go to war were both used to get into the Spanish American War and World War I.  Name one of the ships

The Maine - Spanish American war

Lusitania - World War I 

300

This railroad magnate was different than many of his fellow billionaires.  He kept most of his money and did little philanthropic work.

Cornelius Vanderbilt

400

The use of Charles Darwin's evolution idea applied to human beings

Social Darwinism

or

Survival of the fittest

400

The father of capitalism.  Spoke of the invisible hand theory that guides supply and demand

Adam Smith

400

Vice President Teddy Roosevelt became president went this president was assassinated

William McKinley

400

Presidents T. Roosevelt and Taft worked very hard to break up monopolies.  They used the Sherman Anti Trust act to do it.  When they attacked businesses with this law what was it called

Trust Busting

400

A clever (yet illegal in 2024) business tactic where a business controls - natural resources, production and distribution of products within a given industry

Vertical Integration

500

People of wealth create programs or give away money to help society or the less fortunate of society

Philanthropy 

500

Once working for Thomas Edison this inventor became his primary competitor.  You can thank him for the electricity in your house.

Niccolo Tesla

500

This president ordered America to go to war against Spain, take possession of those islands and take over Hawaii

William McKinley

500

When businesses became too powerful and did not pay employees well or take care of their safety laborers got together and sometimes went on strikes.  What are these groups of laborers who work together for change called.

Labor unions

500

The vocabulary term for a business person who thinks of the community, building an industry based on competition and a competitive market.  Does not merely care about profit.

Captain of Industry