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Ch. 24 Study Stack

A review of the key terms and concepts associated with the Gilded Age

Period of time between the end of Reconstruction and 1900, means covered thinly with gold paint Gilded Age
Purchase of companies at all levels of production Vertical integration
Purchase of competing companies in the same industry Horizontal integration
Organization that brings together workers in the same trade, or job, to fight for better wages and working conditions Labor union
Money earned by a business after subtracting its operation costs Profit
To give money to a company or bank, or to buy something, in order to make a profit later Invest
Use of interchangeable parts and assembly lines to make large quantities of identical goods Mass production
Industrialist who greatly expanded the U.S. steel industry in the late 19th century Andrew Carnegie
Oil industry businessman who became the first billionaire in American history John D. Rockefeller
Auto industry businessman who perfected the assembly line Henry Ford
A company that controls all production and sales of a particular product or service Monopoly
Group of corporations that unite in order to reduce competition and control prices in a business or an industry Trust
A more cost-effective method of producing steel Bessemer Process
Inventor of the telephone Alexander Graham Bell
Business leaders whose method of gaining personal fortune had a positive impact on the country Captains of Industry
Business leaders who became rich through ruthless, corrupt or dishonest methods Robber Barons
Time spent not working Leisure
The growth of cities Urbanization
Created by: avoigt