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16 Cards in this Set

  • Front
  • Back

Henry ford

He invented the assembly lined used to manufacture cars

Patent

A document that gives someone the sole right to make and sell an invention

Samuel gompers

The founder of the american federation of labor (AFL)

Monopoly

When a company controls all or nearly all of an industry

Wright brothers

The invented the 1st plane

Corporation

A business owned by many investors

Alexander graham bell

He invented the telephone

Assembly line

The manufacturing method in which a product is is out together as it moves along a conveyor belt

Trust

A group of corporations controlled by a single board of directors

John Rockefeller

He founded standard oil by using ruthless tactics that were often criticized

Andrew carnegie

Used the Bessemer process to produce steel cheaply

Free enterprise

The system in which privately owned businesses compete freely

Collective bargaining

Unions negotiate with management for workers as a group

Urbanization

The rapid growth of cities

Tenements

Buildings divided into tiny apartments, that are usually not well maintained

Assimilations

The process of becoming part of another culture