Unit 4- Industrialism

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Monopoly

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29 Terms

1

Monopoly

A company that controls all production and sales of a particular product or service.

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2

Tenements

Cheap apartment buildings. Small, dark, dangerous buildings where any people lived. They were very crowded and lacked fresh air and water.

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3

Populism

A political strategy based on a calculated appeal to the interests or prejudices of ordinary people.

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4

Progressivism

Favoring or advocating change or reform, as opposed to maintain things as they are.

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5

Thomas Edison

Known for inventing the light bulb and for the production of electricity in homes.

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6

Wright Brothers

Known for building and flying the first airplane in 1903.

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7

Henry Ford

Known for using the assembly line for mass production of automobiles.

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8

Assembly Line

An arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific task.

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9

Muckrakers

People who search for and expose real or alleged corruption and scandals, especially in politics.

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10

Chinese Exclusion Act

Banning Chinese people from immigrating to the United States for 10 years.

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11

Sherman Antitrust Act

A law that made it illegal to create monopolies or trusts that restrained trade.

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12

Horizontal Intefration

Owning all businesses in a certain field.

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13

Vertical Integration

Ownership of businesses involved in every step of the manufacturing process.

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14

Entrepreneur

Someone who organizes a business venture and assumes the risk for it.

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15

Trust

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

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16

Laissez-Faire

A theory that economies work best when there is minimal involvement from government.

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17

Progressives

Reformers who are looking for change in politics, society, and/or business.

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18

Imperialism

The policy of extending the rule or authority of an empire or nation over foreign countries.

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19

Political Machines

Powerful organizations linked to political parties

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20

Suffragists

A man or women who fought for a women's right to vote.

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21

Prohibition

The nationwide ban on the manufacture, sale, and transportation of liquor in the United States that went into effect with the 18th Amendment. (1919)

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22

Corporation

A business that is owned by many investors.

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23

Spoils System

Rewarding political supporters with jobs and favors.

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24

Conservation

The protection and preservation of the country's natural resources.

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25

What book did upton Sinclair write

The jungle

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26

Who controlled 1/3 of the nations steel production

Andrew Carnegie

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27

Who owned 90% of the nations oil industry by the 1900s

John D. Rockefeller

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28

Who made major improvements to the assembly line

Henry Ford

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29

This ship exploded and was one reason the U.S. joined the Spanish-American war.

USS Maine

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