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Industrial Rev. SS
| Term | Definition |
|---|---|
| period of rapid industrial growth occurring in the U.S. in the late 1800s. | Industrialization |
| machines replaced human workers and more goods were produced quickly and in factories; since goods were produced cheaper, prices lowered so more people could afford goods | Mass production |
| America had ________ _______ to fuel industrial growth (oil, coal, iron) | natural resources |
| Increased ____________ led to a growing population of consumers and workers | immigration |
| Who invented the telephone | Alexander Graham Bell |
| Who invented the light bulb | Thomas Edison |
| allowed steel to be manufactured and sold at a cheaper price. | The Bessemer Process |
| First railroad that went across the entire country, built mostly by immigrants. | Transcontinental Railroad |
| The _______ _______ started in Omaha, Nebraska, set more miles of tracks, employed Irish immigrants, Civil War Veterans, and freedmen | Union Pacific |
| The _______ ________ started in Sacramento, California, built tracks through the Sierra Nevada Mountains, employed Chinese Immigrants to do the most dangerous jobs. | Central Pacific |
| The Union Pacific and Central Pacific joined together in- | Promontory Point, Utah |
| forced to live on reservation | Plains Indians |
| turned the nation into a single giant marketplace and helped the growth of the American Industry | Economy |
| helped people move and settle to the west. | Settlement of the West |
| money or wealth used to start or expand a business; more loans being made so business expanded | Capital |
| economic system in which business is privately owned and businesses compete for consumer dollars (also referred to as free enterprise). Supply and demand determines how prices are set. | Capitalism |
| someone who starts his/ her own business | Entrepreneur |
| business with two or more owners | Partnership |
| type of business in which people invest by purchasing shares of stock in a company; was a way for businesses to raise large amounts of capital to expand; people bought the shares because they hoped to share in corporation’s profits | Corporation |
| owned U.S. Steel, got monopoly in steel business, centered in Pittsburgh | Andrew Carnegie |
| owned Standard Oil Trust Corporations took advantage of workers and paid low wages, had poor conditions, child labor, etc. | John D. Rockefeller |
| the government had a ‘hands off’ policy toward business (stayed out of business affairs), but business took advantage of workers and consumers, so many wanted government to get involved and help out | Laissez-faire |
| allowed cities to develop anywhere, not only next to rivers and lakes. | Attitudes towards the environment |
Created by:
alessandrom110*