Vocabulary
What is a strike?
A work stoppage.
Edison's light bulb
What did Thomas Edison believe was most important to becoming a successful inventor?
Hard work; Not quitting.
What made oil valuable before 1900?
Oil for lamps; kerosene
Why did goods have to be transferred from one train to another in the early days of the railroads?
There was no standard gauge for track.
What is stock?
Shares of ownership.
Converts Steam into mechanical motion
Steam engine
What happened to the gap between the rich and the poor during the growth of big business?
It got larger.
How did the expansion of the railroads affect the size of markets?
It increased the size of markets.
What is a patent?
A protected right to make and sell a product.
What is industrialization?
The production of goods by machine in factories.
Uses fuel, like gasoline, to create mechanical motion.
Who was a political boss in New York City?
William Tweed
What did the young Carnegie do to get better jobs?
He learned telegraphy and bookkeeping, and read books.
Why were cities able to expand outward in the late 1800's?
New forms of transportation, such as trolleys and subways, were built.
What is a market economy?
An economic system in which prices are determined
by competition among businesses and not by
the government.
Uses Morse Code
Telegraph
What were the railroads forced to pay to the Standard Oil Company in the late 1800's?
Rebates
What were the two main goals of labor unions in the late 1800's?
Shorter hours and better working conditions.
Who was Cornelius Vanderbilt?
The head of the New York Central railroad system.
What does "urban" mean?
Relating to a city.
Allows you to record and listen to sounds.
Phonograph
Which union did Samuel Gompers found?
American Federation of Labor
Which use of oil made oil more valuable after 1900?
Fuel for Cars.
What did political machines often do in cities during the late 1800s?
Use secrets and trickery to enrich members and friends.