Key Terms
The complete control of an industry by one company or person
What is a Monopoly
Thomas Edison's nickname
What is the "Wizard of Menlo Park"
Founder of U.S. Steel, which controlled 1/3 of the steel production in the country
Who is Andrew Carnegie
Company towns
What is a community set up and run by a company for its workers
Group of people who join together to fight for better working conditions
What is a Labor Union
A government grant that allows only the inventor to make, use, and sell an invention for a certain time
What is a Patent
Illuminates cities across the world
What is the light bulb
This tycoon established standard oil.
Who is John D. Rockefeller
dark liquid bubbling up from under the ground; called oil and also.....
What is "Black Gold"
This name was given to the large labor strike in Chicago that protested against police brutality at the McCormick Harvester plant the day before. Many police and workers died in the riot.
What is the Haymarket Square riot
To refuse to work until certain demands, such as higher wages or better working conditions, are met
What is a Strike
the first instrument capable of recording and reproducing sound.
What is the Phonograph
Donating huge sums of money to charitable organizations
What is a Philanthropist
become a pioneer in the mass-production of milk chocolate.
Who is Hershey or Milton Hershey
three changes that unions fought for.
What are higher wages, less hours and better working conditions
A large company formed by a group of investors
What is a Corporation
Bessemer Process created this important type of building material
What is steel
business leader who became wealthy through dishonest methods.
What is a Robber Baron
owns all of the different businesses on which it depends for its operation.
What is Vertical Integration
City that was the scene of many disputes, including the Haymarket Riot and the Pullman Strike
What is Chicago, Ill
The late 1800s was a time of fabulous wealth.
What is the Gilded Age
Alexander Graham Bell greatest invention
What is the telephone
Businesses grew this way
What is by buying smaller businesses in the same industry
combining many firms engaged in the same type of business into one, large corporation.
What is Horizontal Integration
He led a nationwide railroad strike; largest in American History
Who is Eugene V. Debs