U.S. History
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Laissez fair | a policy or attitude of letting things take their own course, without interfering
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| Entrepreneur | a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
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| Protective Tariff | duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition
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| Patent | a government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention
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| Bessemer Process | a steel-making process, now largely superseded, in which carbon, silicon, and other impurities are removed from molten pig iron by oxidation in a blast of air in a special tilting retort
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| Suspension Bridge | a bridge in which the weight of the deck is supported by vertical cables suspended from larger cables that run between towers and are anchored in abutments at each end.
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| Time Zone | an area or stretch of land having a particular characteristic, purpose, or use, or subject to particular restrictions
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| Mass Production | The manufacture of goods in large quantities by machinery and by use of techniques such as the assembly line and division of labor
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| Corporation | a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law
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| Monopoly | the exclusive possession or control of the supply or trade in a commodity or service
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| Cartel | an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
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| Horizontal Integration | process of a company increasing production of goods or services at the same part of the supply chain
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| Trust | confidence placed in a person by making that person the nominal owner of property to be held or used for the benefit of one or more others
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| Vertical Integration | the combination in one company of two or more stages of production normally operated by separate companies
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| Social Darwinism | the theory that individuals, groups are subject to the same Darwinian laws of natural selection as plants and animals.
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| Sweatshop | a factory or workshop, especially in the clothing industry, where manual workers are employed at very low wages for long hours and under poor conditions
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| Company town | place where practically all stores and housing are owned by the one company that is also the main employer
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| Collective bargaining | negotiation of wages and other conditions of employment by an organized body of employees
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| Socialism | a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
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