click below
click below
Normal Size Small Size show me how
OCS Am2 U2 L1 A
OCS Progressive Era
Term | Definition |
---|---|
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 |