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Chapter 6
Social Studies
Term | Definition |
---|---|
Petroleum | A cheap, oily liquid that you can use to make Kerosene |
Patent | The right to make or sell your product for a certain amount of time without it being copied |
Business Cycle | A pattern of good and bad times in business |
Trust | Legal bodies created to hold stock. Usually in the same industry |
Bessemer Steel Process | The steel process that used 1/7 of the coal that the other method used |
Gilded Age | The time where there were wealthy people but still problems with poverty and corrupt politics |
Cenntenial Exibition | Celebration of America's 100th Birthday |
Haymarket Affair | Union leaders and police clash. Thousands are killed |
Standard Time | A system that divided the U.S into 4 time zones |
Monopoly | Company that wipes out it's competitors and controls industry |
Thomas Edison | Inventor of practical lighting |
Alexander Graham Bell | Inventor of telephone |
Andrew Carnegie | Leader of steel industry |
John D. Rockefeller | Leader of oil industry |
Samuel Gompers | Founder of AFL |
Robber Baron | A business leader who became wealthy by using dishonest methods |
Knights of Labor | A loose federation of workers from different trades |
Philanthropist | A person who gives large sums of money to charity |
Sweatshop | Place where workers labor for long hours and low wages |
Transcontinental Railroad | Railroad that spans the whole continent |