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15 Cards in this Set
- Front
- Back
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Second Industrial Revolution |
A period of rapid growth in manufacturing an industry in the late 1800s. |
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Bessemer Process |
A process developed in the 1850s that led to faster, cheaper steel production. |
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Patent |
An exclusive right to sell an invention. |
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Corporation |
A business that sells portions of ownership called stock shares. |
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Vertical Integration |
The business practice of owning all the business involved in each step of manufacturing. |
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Horizontal Integration |
Owning all of the businesses in a single field. |
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Trust |
A number of companies legally grouped under a single board of directors. |
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Monopoly |
Complete control over over the entire supply or goods or service in a particularvm |
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Sherman's Antitrust Act |
A law that made it illegal to create monopolies or trusts that restrained free trades. |
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Knights of Labor |
Secret society that became the first truly national labor union used in the US. |
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Collective Bargaining |
A technic used by labor unions in which workers act collectively to change working conditions or wages. |
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Old immigrant |
A term often used for an immigrant who arrived in the United States before the 1880s. |
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New immigrant |
A term often used for an immigrant who arrived in the United States after the 1880s. |
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Tenements |
Poorly built, overcrowded housing where many immigrants lived. |
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Settlement houses |
Neighborhood centers staffed by professionals and volunteers for education, recreation, and social activities in poor areas. |
