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Industrialization

QuestionAnswer
Gross National Product (GNP) The total value of all goods and services a country produces
Laissez Faire A French phrase meaning "let the people do as they choose"
Stock The shares that people take ownership in
Corporation an organization owned by many people but treated by law as though it were a person
vertical integration the combining of companies that supply equipment and services needed for a particular industry
horizontal integration combining of many films engaged in the same type of business into one corporation
monopoly total control of a type of industry by one person or one company
pacific railway act gave people land along the right of way to encourage rapid construction on railroads
time zones the times that people had all over the country (4 different ones)
Alexander Graham Bell The inventor of the telephone
Thomas Edison The man who created / figured out how electricity worked
Andrew Canegie Many factors that led to the rise of big business in the US
John D Rockefeller Most famous industrialist who achieved almost complete horizontal integration
J.P. Morgan A man who bought out other large steal companies into an enormous holding company called US steel company
Working Class 1.hourly workers: the part of society made up of people who work for hourly wages, not salaries, especially manual or industrial laborers
Pullman Strike May 11, 1894, workers of the Pullman Palace Car Company in Chicago struck to protest wage cuts and the firing of union representatives
Jacob Riis wrote "how the other half lives" journalist, photographer and reformer,
Created by: coramay99