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Industry and Big Business Vocabulary

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Term
Definition
advertising   any form of communication intended to persuade someone to buy a product or service  
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agriculture   farming/having to do with farms  
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assembly line   manufacturing products by dividing the jobs into many small steps, each done by one person in a line with many other workers  
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Captains of Industry   a term for business leaders who built up large scale industries in the U.S. during the late 1800's and early 1900's  
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consumers   all people who buy and consume (use) products for themselves or other family members  
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consumer goods   products made for people to buy, such as clothes, furniture, cooking stoves, etc.  
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financial resources   money, especially in the form of bank loans, savings, or investments  
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immigration   the movement of people from other countries into your country (INmigration)  
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emigration   movement of people from your country to other countries (OUT)  
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industrialization   the change from small scale hand production of goods to large scale factory methods of manufacturing  
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iron ore   a rocky material containing iron that is dug from mines and then heated to a high temperature to release the metal  
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mail order catalogs   printed booklets listing products that a customer could buy from a company in a distant city for delivery by mail  
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mechanization   the shift to a greater use of machines instead of just human labor, to produce products or grow crops  
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national markets   a market is a place where a product is sold "National markets" refers to the selling of a product in markets all over the country, not just in one city or area  
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natural resources   naturally occurring materials like coal, iron ore, and copper that can by used in the making of products  
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raw materials   the basic materials that are used in the manufacturing of products. Usually, raw materials are natural resources.  
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reaper   a machine for harvesting wheat, invented by Cyrus McCormick in Virginia in the 1830's  
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textile industry   the cloth making industry. It was the first industry to convert to factory and machine production methods. In America, the textile industry first developed in the New England states.  
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