19th c. Industrialization
What was the economic system that was widely practiced in Europe before capitalism?
What is mercantilism?
What was the name of Andrew Carnegie's business?
What is the Carnegie Steel Company?
While some called men like Carnegie, Vanderbilt, and Rockefeller "Captains of Industry," what did many other call them?
What are robber barons?
What replaced wood as a source of fuel as trains grew bigger?
What is coal?
Carnegie, a Scottish immigrant who became a business superpower, came to represent this desire that many immigrants to the US shared.
What is the American Dream?
Fill in the Blank: One pro of big businesses is that they have the resources for expensive research and to ____ new items.
What is "invent"?
What does "Laissez Faire" mean?
What is "free to do/allowed to do"?
This business tactic where companies combined led to giant companies called monopolies that controlled the majority of an industry
What is a merger?
What is raise the prices/make the prices higher?
This invention made swift communication possible from coast to coast and grew with the railroad industry.
What is the telegraph?
What did Carnegie use to make the highest quality steel at the lowest price?
What is the Bessemer process?
For those who did not support them, labor unions began to become synonymous with what word?
What is communist/communism/violence?
Fill in the Blank: The shift from water power to _____ power allowed owners to build factories anywhere
What is steam?
What is another term for a holding company?
What is a parent company?
Fill in the Blank: Karl Marx believed that ______ made work boring and repetitive.
What is specialization?