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19 Cards in this Set
- Front
- Back
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Monopoly |
A complete ownership or control of the entire supply of goods or a service in a certain market |
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Robber baron |
A business owner who acquires wealth through shady tactics |
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Gilded age |
America grew a lot through economics, corruption, materialism, and growing equality |
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Patents |
A document granting the inventor sole rights to an invention |
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Shareholder |
Someone who has shares in a company, own a price of that companies stock |
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Political machine |
A political organization in which people with authority that has enough votes to have control over political administration |
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Depression |
Sustained, long term drop in economic activity in one or more economy’s |
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Corporation |
A company or group of people authorized to act as a single entity and recognized as such in a law |
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Business cycle |
A cycle or series of cycles of economic expansion or contract |
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What made population increase |
Immigrants |
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Natural resources |
Coal, steel, oil |
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“Laisseze fair” capitalism |
No rules or regulations in business growth |
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Rule of law |
(Patents)laws that would protect the right law of property |
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The Bessemer process |
Injected air into molten iron to remove impurities and made steel a lighter, more flexible rust resistant medal |
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Cornelius Vanderbilt |
Railroads |
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Andrew Carnegie |
Carnegie steel |
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John d Rockefeller |
Standard oil company |
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J.P. Morgan |
Banking |
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Henry ford |
Assembly line/ automobiles |
