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Chapter 6
Social Studies
| Term | Definition |
|---|---|
| Petroleum | A cheap, oily liquid that you can use to make Kerosene |
| Patent | The right to make or sell your product for a certain amount of time without it being copied |
| Business Cycle | A pattern of good and bad times in business |
| Trust | Legal bodies created to hold stock. Usually in the same industry |
| Bessemer Steel Process | The steel process that used 1/7 of the coal that the other method used |
| Gilded Age | The time where there were wealthy people but still problems with poverty and corrupt politics |
| Cenntenial Exibition | Celebration of America's 100th Birthday |
| Haymarket Affair | Union leaders and police clash. Thousands are killed |
| Standard Time | A system that divided the U.S into 4 time zones |
| Monopoly | Company that wipes out it's competitors and controls industry |
| Thomas Edison | Inventor of practical lighting |
| Alexander Graham Bell | Inventor of telephone |
| Andrew Carnegie | Leader of steel industry |
| John D. Rockefeller | Leader of oil industry |
| Samuel Gompers | Founder of AFL |
| Robber Baron | A business leader who became wealthy by using dishonest methods |
| Knights of Labor | A loose federation of workers from different trades |
| Philanthropist | A person who gives large sums of money to charity |
| Sweatshop | Place where workers labor for long hours and low wages |
| Transcontinental Railroad | Railroad that spans the whole continent |
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