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15 Cards in this Set
- Front
- Back
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Patent
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- A government document giving an inventor the exclusive right to make or sell his or her invention for a specific number of years.
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Thomas Edison
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United States inventor widely known for the invention of the light bulb and the phonograph.
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Alexander Graham Bell
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Scottish-born American inventor of the telephone.
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Robber Baron
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A business leader who became wealthy through dishonest methods.
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Coporation
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A group of people combined into or acting as one body for business purposes.
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John D. Rockefeller
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United States industrialist who made a fortune in the oil business from his company called Standard Oil.
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Andrew Carnegie
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Scottish-born American industrialist who made a fortune in the steel industry.
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Monopoly
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A company or group having exclusive control over a commercial activity.
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Philanthropist
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Someone who donates money for human well-being.
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Horatio Alger
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American writer of inspirational adventure books, such as Ragged Dick (1867), featuring impoverished boys who through hard work and virtue achieve great wealth and respect.
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The Gilded Age
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The years between the Civil War and World War I when institutions undertook financial manipulations that went virtually unchecked by government. This era produced many infamous activities in the security markets.
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Sweatshops
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A shop or factory where workers were subjected to long hours in poor working conditions at minimum wage.
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American Federation of Labor
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A national organization of labor led by Samuel Gompers, founded in 1886
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Socialism
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Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
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Eugene Debs
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United States labor organizer who ran for president as a socialist.
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