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OCS Am2 U2 L1 A

OCS Progressive Era

TermDefinition
industry Production of goods, such as in factories where the manufacturing occurs.
Factors of production Natural resources, capital (Money), entrepreneurs and labor (workers)
Entrepreneurs Business people who invest and take a risk in a business
Andrew Carnegie Made millions of dollars by investing in steel; headed US Steel Corporation
John D. Rockefeller Made millions of dollars by investing in oil; headed Standard Oil Corporation
Monopoly When one business controls an entire market for one product
Old Immigrants People from Great Britain, Ireland, and Germany
Immigrants were escaping WHAT? Religious persecution and famine
Immigrants were attracted to the US by WHAT? Economic opportunities and religious freedom
Created by: karen.pharr
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