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15 Cards in this Set

  • Front
  • Back

Second Industrial Revolution

a period of rapid growth in manufacturing and industry in the late 1800s

Bessemer Process

a process developed in the 1850s that led to faster, cheaper steel production

Patents

an exclusive right to make or sell an invention

Corporations

a business that sells portions of ownership called stock shares

Vertical Integration

the business practice of owning all of the businesses involved in each step of a manufacturing process

Horizontal Integration

owning all the businesses in a certain field

Trust

a number of companies legally grouped under a single board of directors

Monopoly

a complete control over the entire supply of goods or a service in a particular market

Sherman Antitrust Act

a law that made it illegal to create monopolies or trusts that restrained free trade

Knights of Labor

secret society that became the first truly national labor union in the United States

Collective Bargaining

a technique used by labor unions in which workers act collectively to change working conditions or wages

Old Immigrants

a term often used for an immigrant who arrived in the United States before the 1880s

New Immigrants

a term often used for an immigrant who arrived in the United States before the 1880s

Tenements

H

Settlement Houses

F