American Industrialization

American Industrialization

100

This term means to allow private ownership of companies. Thus the owners get the profits.

Free Enterprise

200

This is a term that is used for a company that has complete control over a good or service.

Monopolies

300

This is a term for having legal rights to an invention or innovation

Patent

400

This word means minimal intervention from the government toward the economy/business.

Laissez - Faire

500

This is a term used for people who put forth the money to start a business, thus assuming the profits and debts.

Entrepeneur

Southern Economy

100

This insect was the reason for the decrease in cotton production in the Southern States in 1890.

What is Boll Weevil?

200

What resource did the Southern economy mainly rely on? This is known as "King ______"

What is Cotton?

300

Low tariffs are wanted so the South can sell ________ overseas

Cotton

400

The South wanted ________ tariffs to allow selling cotton to the world.

Low / Revenue Tariffs / Free Trade

500

Low pay and slow industrialization of the South caused people to move to these types of areas

Urban

Economy

100

The North was known to have more of these __________ which allowed for massive transportation of goods and services.

Railways

200

The North wanted a __________ tariff which would allow for American business expansion.

Protective/High

300

In the essay "The Gospel of Wealth," Andrew Carnegie argues that the wealth should be entrusted to this group

The rich

400

Term used for acquiring all companies that make a similar product.

Horizontal Integration

500

Term used for a company who owns all the means of producing and transporting a product.

Vertical Integration

Expansion

100

What act encouraged movement West by giving out free land if people farmed it for five years?

Homestead

200

This is the name of the railroad that extends from the Eastern to the Western coast in the United States.

Transcontinental railroad

300

This group of people was known for expanding ranching/agriculture in the Southwestern United States.

Mexicans

400

These two groups of people are known for working for minimal money to create railroads.

Irish and Chinese

500

This invention allowed for the expansion of the steel industry under Andrew Carnegie

Bessemer 

People to Know

100

This person was the first major producer of steel in the U.S. and went on to own one of the largest businesses.

Andrew Carnegie

200

This person controlled 90% of the oil in the United States during the late 1800s.

John D. Rockefeller

300

This person created the lightbulb and the General Electric Company

Thomas Edison

400

This person created the first telegraph communications

Samuel Morse

500

Owner of the largest investing firm of the 1800s that created General Electric and U.S. Steel

JP Morgan