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Industrialization
| Question | Answer |
|---|---|
| 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
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