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december9th SS vocab
Question | Answer |
---|---|
lewis latimer | African American inventor who played a key role in improving practical electrical lighting |
thomas edison | inventor of the electric lightbulb and many other devices |
alexander graham bell | inventor of the telephone |
john d. rockefeller | founder of the standard oil trust |
robber baron | a business leader who became wealthy through dis honest methods |
andrew carnegie | built u.s. steel industry |
gilded age | late 1800s era of fabulous wealth |
patents | government documents giving an inventor of the exclusive right to make and sell an invention for a specific number of years |
corporation | a business owned by investors who buy part of it through shares of stock |
monopoly | business that gains control of an industry by eliminating other competitors |
trust | a legal body created to hold stock in many companies, often within an industry |
business cycle | the pattern of good and bad economic times |
shareholder | an investor who buys part of a company through shares of stock |
depression | a period of low economic activity |