Chapter 24 - 27 Key Terms

Front 1

Reservation

Back 1

An area of land set aside ("reserveed") by the goverment for Native Americans. Reservations generally were on poor land that settlers didn't want.

Front 2

Homesteader

Back 2

A farmer who is given a plot of public land (called a homesteader) in return for cultivating it.

Front 3

transcontinental railroad

Back 3

a railroad that crosses a continent (trans means "across")

Front 4

subsidy/subsidies

Back 4

money or other things of vaule(such as land) that a goverment contributes to an enterprise

Front 5

Battle of Little Big Horn

Back 5

The wars between settlers, soldiers and Plain Indians came to a head. The Indians won the battle, but soon afterward the Sioux and Cheyenne were forced onto reservations.

Front 6

industrialization

Back 6

the birth and growth of businesses that make and distribute products through the use of machinery

Front 7

Entrepreneur

Back 7

someone who starts a business and is good at making money

Front 8

laissez-faire

Back 8

the theory that econmies work best when governments do not interfere with them. (laissez-faire is French for "leave alone")

Front 9

mass production

Back 9

the use of interchangeable parts and assembly lines to make large quantities of identical goods

Front 10

corporation

Back 10

a business that is owned by many investors

Front 11

trust

Back 11

a group of corporations that unite in order to reduce competition and control
rices in a business or an industry

Front 12

monopoly

Back 12

a company that controls all producrion and sales of a particular product or service

Front 13

urbanization

Back 13

the growth of cities

Front 14

trade unions

Back 14

early labor organizations that brought together workers in the same trade, or job,to fight for better wages and working conditions

Front 15

collective bragaining

Back 15

a method for negotiaing labor issues in which union representatives bargain with employers on behalf of the union's members