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Industrialization
| Question | Answer |
|---|---|
| industrialization = factors that caused it | new inventions / better agricultural technology / government support for industry / natural resources |
| Edison | "Wizard of Menlo Park" |
| Edison | invented the LIGHT BULB |
| Bell | invented the phone |
| wright brothers | invented the plane at Kitty Hawk, NC |
| trust | business arrangement where a NUMBER OF COMPANIE unite |
| monopoly | market system where ONLY one producer makes a product |
| Robber Barons | greedy, showy industrialists who exploited their workers |
| Robber Barons | captains of industry |
| Carnegie | big steel manufacturer |
| Sherman Anti-Trust Act | tried to make monopolistic practices (like vertical integration) = ILLEGAL |
| Clayton Act | helped labor unions by making strikes, peaceful picketing, and boycott legal |
| Clayton Act | Increased regulation of monopolies |
| Interstate Commerce Act | created the FIRST regulatory agency to regulate the RAILROADS |