Term | Definition |
Henry Bessemer | developed a process to make steel stronger and more affordable |
Andrew Carnegie | made steel in Pittsburgh, PA. Became one of the richest men in the world. |
John D. Rockefeller | His Standard oil Co. controlled 90% of the oil industry-monopoly |
George Westinghouse | Westinghouse Electric Co. - 1896. Developed AC |
William Randolph Hearst | Owned most of the newspapers in US by 1900-monopoly |
Madame C.J. Walker | First African American woman to become a millionaire. |
J.P. Morgan | Wealthiest and most powerful banker in the U.S. during the Industrial Age. |
Natural Resources | from nature, not made by people. Ex. iron, coal, oil, timber, water |
Human Resources | People who work to produce goods and services |
Capital Resources | Tools, machines, (money) that companies use to produce goods and services |
Monopoly | When one company has control of an industry. |
Sweatshop | hot, cramped workshops |
Triangle Shirtwaist Company | fire broke out and the workers were trapped inside. 150 people died. |
Lewis Hine | led the movement against child labor |
labor union | organized groups working to gain improved working conditions |
Samuel Gompers | formed the American Federation of Labor (AFL) |
strike | workers refuse to work to try to force businesses to meet their demands |
Mary Harris Jones | helped lead the United Mine Workers. Known as "Mother Jones" |
Labor Day | created by the labor unions to honor the workers in America. |