General
What is Industrialization?
The process of developing machine production of goods
Two terms to use when one seller controls the market
Monopoly, trust
What I would call my coworker who returned to work during a strike
Scab/strikebreaker
The ownership/control of money and industry by private individuals
Capitalism
This legendary inventor had over 1,000 patents to his name including the phonograph, recorded sound, and moving pictures
Thomas Alva Edison
A population shifting from rural areas to cities
Urbanization
The founder of this bank bought Carnegie Steel for $480 million
JP Morgan Chase
Group negotiations
Collective bargaining
The economic/political system more commonly associated with Europe (that Americans are scared of)
Socialism/communism
A legal document giving ownership/control over an invention
Patent
The main reason people moved to cities
Jobs/work
If I'm a major business leader, I like this type of economic policy
Laissez-faire
This nation-wide union collapsed after a bomb was thrown in Haymarket Square
Knights of Labor
Term for merging multiple smaller businesses into a large one
Consolidation
Using high heat to rid iron of impurities to make steel
Bessemer Process
This region of the country favored manufacturing and urbanization
The North/Northeast
The name of Rockefeller's corporation
Standard Oil
This northeastern state was a major player in coal and iron/steel, but also a hotspot for union activity (Homestead Strike)
Pennsylvania
Selling this resource was more profitable to railroad investors (than railroads)
Land (grants)
This man made lightbulbs last much longer
Lewis Latimer
Two problems associated with industrialization
Child labor, pollution, unsafe working conditions, low wages, environmental degradation
Sherman Antitrust Act leads to the FTC Act- which stands for what?
Federal Trade Commission
The cause of the Triangle Factory Fire
Match/cigarette, factory doors were locked
What is insider trading?
Using exclusive knowledge to gain valuable stock (illegally)
This household appliance was invented by Josephine Cochrane
Dishwasher