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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 and 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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Patents |
an exclusive right to make or sell an invention |
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Corporation |
abusinessthatsellsportionsofownership called stock shares |
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Vertical Integaration |
the business practice of owning allofthebusinessesinvolvedineachstepofa manufacturing process |
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Horizontal integration |
owning all the businesses in a certain field |
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Trust |
a number of companies legally grouped under a single board of directors |
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Monopoly |
monopoly a complete control over the entire supply of goods or a service in a particular market |
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Sherman Antitrust Act |
(1890) a law that made it illegal to create monopolies or trusts that restrained free trade |
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Knights of Labor |
secret society that became the first truly national labor union in the United States |
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collective bargaining |
a technique used by labor unions in which workers act collectively to change working conditions or wages |
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old immigrants
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a term often used for an immigrant who arrived in the United States before the 1880s |
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new immigrants
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a term often used for an immigrant who arrived in the United States beginning in the 1880s |
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tenements
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poorly built, overcrowded housing where many immigrants lived |
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settlement houses
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neighborhood centers staffed |
