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23 Cards in this Set
- Front
- Back
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Bessemer Process |
process of producing steel, in which impurities are removed by forcing a blast of air through molten iron.
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Transcontinental railroad |
It was the project of two railroad companies: the Union Pacific built from the east, and the Central Pacific built from the west. The two lines met in Utah finished in 1869.
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Alexander Graham Bell |
Alexander Graham Bell was a Scottish-born scientist, inventor, engineer and innovator who is credited with patenting the first practical telephone.
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Thomas Edison |
Thomas Edison was an American inventor and businessman. He created the phonograph, the motion picture camera, and the practical elecitric lightbulb.
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Free Enterprise System |
Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government.
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Corporation Entrepreneur |
the development of new ideas and opportunities within large or established businesses, directly leading to the improvement of organizational profitability.
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Gilded Age |
the time between the Civil War and World War I during which the U.S. population and economy grew quickly, there was a lot of political corruption and corporate financial misdealings and many wealthy people lived extravagant lives.
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Robber Baron |
an unscrupulous plutocrat, especially an American capitalist who acquired a fortune in the late nineteenth century by ruthless means.
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Captain of Industry |
a business leader whose means of amassing a personal fortune contributed positively to the country in some way.
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Philanthropy |
the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.
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Monopoly |
The exclusive possession or control of the supply or trade in a commodity or service.
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Interstate Commerce Act |
designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
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Sherman Anti- trust Act |
A federal law passed in 1890 that committed the American government to opposing monopolies. The law prohibits contracts, combinations, or conspiracies in the restraint of trade or commerce.
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Child Labor |
of children in industry or business, especially when illegal or considered inhumane.
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Laissez-Faire |
a policy or attitude of letting things take their own course, without interfering.
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Union |
an organized association of workers formed to protect and further their rights and interests.
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Collective bargaining |
wages and other conditions of employment by an organized body of employees.
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The knights of Labor |
a member of a 19th century secret labor organization formed in 1869 to secure and maintain the rights of workingmen in respect to their relations to their employers.
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The Homestead strike |
was an industrial lockout and strike which began on June 30, 1892, culminating in a battle between strikers and private security agents on July 6, 1892.
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The Pullman strike |
a nationwide railroad strike in the United States on May 11, 1894. It pitted the American Railway Union (ARU) against the Pullman Company, the main railroads, and the federal government of the United States under President Grover Cleveland.
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American federation of Labor |
a national federation of labor unions in the United States. It was founded in Columbus, Ohio, in May 1886 by an alliance of craft unions disaffec-ed from the Knights of Labor, a national labor association.
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Tenements |
a piece of land held by an owner; or a room or a set of rooms forming a separate residence within a house or block of apartments.
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Political Machine |
is a political organization in which an authoritative boss or small group commands the support of a corps of supporters and businesses.
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