Vocabulary | Monopolies & Captains of Industry | Inventions | Big Business & Industrial Growth | Changes to Farm & City Life |
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What is business?
A company that supplies a product in exchange for money
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What is monopoly?
When a company is the only supplier of a product
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What is the telephone service?
This invention allowed people to communicate in real time across long distances
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What is a monopoly?
This kind of company was bad because there was a lack of competition
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What is a mail-order catalog?
This item allowed people in rural areas to purchase goods from all over the country
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What is mechanization?
Using machines to do work
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Who is John D. Rockefeller?
Captain of the oil industry
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What is the lightbulb and mechanical uses of electricity?
This invention allowed people to see in the dark and made other inventions possible
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What is Chicago, Illinois?
This city was the center of the Meatpacking industry
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What is labor-saving products?
These products made housework easier and faster to do
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What is industry?
A group of businesses that supply a similar product
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Who is Andrew Carnegie?
Captain of the steel industry
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Who is Thomas Edison?
This person is credited with the invention of the electric lightbulb and mechanical uses of electricity
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What is lower-cost production?
This method of production uses cheaper materials and pays workers less in order to lower the cost of the product
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Who is farm laborers?
This group of people left farms to go work in factories
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What is invent?
To create something that has not existed before
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Who is JP Morgan?
Captain of the banking industry
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Who is Alexander Graham Bell?
This person is credited with the invention of the telephone service
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Who are immigrants?
This group of people filled factory jobs after moving to the U.S.
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What is increased production?
This result of mechanization on farms meant more crops were grown
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What is advertise?
To bring attention to a product
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Who is Cornelius Vanderbilt?
Captain of the railroad and shipping industry
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What is the railroad network?
This invention allowed greater access to raw materials and energy sources
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What is a national market?
This meant consumers had access to products made all over the country
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What is decreased labor needs?
This result of mechanization meant there were less jobs available for farm laborers
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