| A | B |
|---|
| capital | accumulation of money |
| corporations | large companies |
| oligopoly | a few major producers influence an entire industry |
| industrial productivity | amount of goods each hour of labor produced |
| welfare capitalism | combination of programs employers adopted in order to convince workers they did not need unions |
| scientific managment | suggested that efficiency or time study experts analyze each work operation and find ways to minimize the time necessary to do a job |
| white collar | professionals, wholesale and retail salespeople and clerks |
| $5 day | workers started earning more money a day |
| assembly line | people each did a part of the car instead of the whole thing |
| Henry Ford | started making cars, Model T, started using assembly line |
