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Chapter 6 Vocab

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Term
Definition
petroleum   oily liquid, flammable  
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Bessemer Steel Process   new steel making process, uses less coal more steel at lower price  
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generator   is a machine that produces an electrical current  
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Thomas Edison   an inventor, invented electric light and other things  
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Alexander Graham Bell   an inventor, invented the telephone and other things  
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patent   a document giving an inventor rights to make and sell their invention  
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Centennial Exhibition   an exhibition to celebrate Americas 100th Birthday  
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business cycle   a pattern of good and bad times  
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transcontinental railroad   a railroad that spans the entire continent  
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standard time   divides the U.S. into 4 time zones  
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robber baron   a leader who becomes wealthy through dishonest ways  
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corporation   a business owned by investors  
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Andrew Carnegie   a wealthy businessmen who controlled the steel industry  
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John D. Rockefeller   a wealthy businessmen who controlled the oil industry  
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monopoly   wipes out competitors and controls an industry  
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trust   are created to hold stock in a company  
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philanthropists   people who give away large sums of money to charities  
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Gilded Age   the wealth of few people hid society's problems  
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sweatshops   places where workers labor long hours under poor condidtions  
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Knights of Labor   an organization of workers from all different trades  
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socialism   all members of a society are equal owners of all businesses  
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Haymarket Affair   union leaders and police clash, several are killed  
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Pullman Strike   workers wages were cut  
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Eugene V. Debs   a leader of the American Railway union  
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Samuel Gompers   an organizer of the AFL  
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American Federation of Labor (AFL)   a national organization of unions that included 1.7 members by 1904  
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