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ch 6 vocab
Term | Definition |
---|---|
bessemer process | technique used to make steel from iron |
Thomas Edison | inventor of the light bulb |
Christopher Sholes | inventor of the typewriter |
Alexander Graham Bell | Inventor of the telephone |
transcontinental railroad | a railroad that crosses the entire country |
George M. Pullman | Inventor of the sleeping car |
Cre'dit Mobilier | Name of company involved in stealing of railroad money |
Munn vs. Illinois | Court case that gave government right to regulate private industry |
interstate commerce | Law granting Congress authority to regulate railroad activities |
Andrew Carnegie | Scottish immigrant who became a giant in the steel industry |
vertical integration | Process in which a company buys out its suppliers |
horizontal consolidation | Process in which companies producing similar products merge |
social darwinism | Theory that taught only the strong surveyed |
monopoly | Situation in which one company controlled an entire industry |
holding company | Corporation that bought out the stock of other companies |
John Rockefeller | Head of Standard Oil Company |
trust | Corporation formed by separate companies |
Sherman Antitrust Act | Law that outlawed trusts |
Samuel Gompers | Union Leader, Leader of American Federation of Labor (AFL) |
American Federation of Labor (AFL) | Name of union led by Gompers |
collective bargaining | negotiations between groups |
Eugene V. Debs | Leader of the American Railway Union |
socialism | System based on government control of business and property |
scab | replacement worker |
Mother Jones | A leader of the mine workers union |