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Chapter 6 Vocab

petroleum oily liquid, flammable
Bessemer Steel Process new steel making process, uses less coal more steel at lower price
generator is a machine that produces an electrical current
Thomas Edison an inventor, invented electric light and other things
Alexander Graham Bell an inventor, invented the telephone and other things
patent a document giving an inventor rights to make and sell their invention
Centennial Exhibition an exhibition to celebrate Americas 100th Birthday
business cycle a pattern of good and bad times
transcontinental railroad a railroad that spans the entire continent
standard time divides the U.S. into 4 time zones
robber baron a leader who becomes wealthy through dishonest ways
corporation a business owned by investors
Andrew Carnegie a wealthy businessmen who controlled the steel industry
John D. Rockefeller a wealthy businessmen who controlled the oil industry
monopoly wipes out competitors and controls an industry
trust are created to hold stock in a company
philanthropists people who give away large sums of money to charities
Gilded Age the wealth of few people hid society's problems
sweatshops places where workers labor long hours under poor condidtions
Knights of Labor an organization of workers from all different trades
socialism all members of a society are equal owners of all businesses
Haymarket Affair union leaders and police clash, several are killed
Pullman Strike workers wages were cut
Eugene V. Debs a leader of the American Railway union
Samuel Gompers an organizer of the AFL
American Federation of Labor (AFL) a national organization of unions that included 1.7 members by 1904
Created by: 1964970540