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Chapter 6

Social Studies

TermDefinition
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
Created by: 1963022572
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