Social Studies Chapter#18 "Industry and urban Growth"
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28 Terms
patent
Document giving someone the sole right to make and sell an invention
assembly line
Manufacturing method in which a product is put together as it moves along a belt
Refine
purify
alter
change
entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
corporation
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
monopoly
a single seller or producer that excludes competition from providing the same product
trust
group of corporations run by a single board of directors
free enterprise
an economic system in which private business operates in competition and largely free of state control.
collective bargaining
the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment
Urbanization
Rapid growth of a cities population
Tenement
Buildings divided into many tiny apartments
Settlement House
Center offering help to the urban poor
Steerage
large compartments that hold cattle
assimilation
Process of becoming another culture
anarchist
person who opposes government
Joseph Pulitzer
popular author who created the St. Louis Post-Dispatch and the New York World profitable papers(his type of writing was called yellow writing)
Mark Twain
founded the first american mass-circulation newspaper Also wrote Huckleberry finn
Cornelius Vanderbilt
American business magnate who built his wealth in railroads and shipping