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Chapter 6 1-4
| Term | Definition |
|---|---|
| Petroleum | Oily,flamable,liquid. |
| Business cycle | The pattern of good and bad times. |
| Steel process | New steel making methods, uses less coal. |
| Thomas Edison | A person who found the most ways to use eletricity and his famous invention is eletric lighting. |
| Centennial Exhibition | An exhibition in Philadelphia that celebrated Americas 100th birthday. |
| Patent | A document giving inventors rights to make and sell their Inventions. |
| Transcontinental railroad | spanned the entire continent for years. |
| Railroad companies | set up standard time and divided the united states into four time zones. |
| John D. Rockefeller | dominated oil industry. |
| Andrew Carnegie | dominated steel industry. |
| Rockefeller Created | monopolies which wiped out its competition and controls an industry. |
| Rockefeller Gained | reputation as a ruthless robber-baron which was a business leader who became wealthy through dishonesty. |
| Gilded Age | although society had some wealthy people, there were some serious problems like corrupt politics and with spread poverty. |
| Gilded | covered in gold leaf can disguise something cheap or rottens the wealth of a few people. |
| Philanthropist | a person who gives away a great deal of his or her money to charity. |
| Robber Baron | a business leader who became wealthy by using dishonest methods. |
| Monopoly | a company that wipes out its competitors an industry. |
| John D. Rockfeller | a wealthy businessman who controlled the oil industry. |
| Trust | a legal body created to hold stock in many companies, often in the same industry. |
| Andrew Carnegie | a wealthy businessman who controlled the steel industry. |
| Business owners | People who ran factories as cheaply as possible. |
| Knights of labor | An organization of workers from all different trades. |
| Haymarket Affair | Union leaders and police clash,several are killed. |
| Andrew Carnegie reduces | Reduces wages at his steel mills in Homestead. |
| Pullman Strike | Caused when railworkers pay cut.Strikes were caused by wages being cut. |
| Samuel Gomphers | a person who started a new organization of unions called The American Federation of labor or AFL. |
| Sweatshop | A place where workers labor for long hours under poor conditions for low pay. |
| Eugene V. Debs | A leader of the American Railway union. |
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