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12 Cards in this Set

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  • Back

Bessemer Process

a steel-making process, now largely superseded, in which carbon, silicon, and other impurities are removed from molten pig iron by oxidation in a blast of air in a special tilting retort

Interstate Commerce Act

federal law that was designed to regulate the railroad industry, particularly its monopolistic practices


the exclusive possession or control of the supply or trade in a commodity or service

Horizontal Integration

process of a company increasing production of goods or services at the same part of the supply chain


the action or fact of joining or being joined, especially in a political context.


a factory or workshop, especially in the clothing industry, where manual workers are employed at very low wages for long hours and under poor conditions

Transcontinental Railroad

train route across the United States, finished in 1869

Sherman Antitrust Act

landmark federal statute in the history of United States

Vertical Integration

the combination in one company of two or more stages of production normally operated by separate companies.

Social Darwinism

term coined in the late 19th century to describe the idea that humans, like animals and plants, compete in a struggle for existence in which natural selection results in "survival of the fittest

Robber Baron

an unscrupulous plutocrat, especially an American capitalist who acquired a fortune in the late nineteenth century by ruthless means.


a refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer.