| A | B |
| Bessemer Process | Made steel faster and cheaper |
| Railroads | Replaced canals and wagons |
| John D. Rockefeller | Oil Industry |
| Andrew Carnegie | Steel Industry |
| Thomas Edison | Invented light bulb, electricity |
| Alexander Graham Bell | Invented the telephone |
| Large business; owned by stockholders | Corporation |
| Stock | shares of ownership to raise $ |
| Trust | a large monopoly |
| Sherman Anti-trust Act | Government law to break up trusts |
| Laissez Faire | Let business be, No gov't involvem't |
| Working conditions | unsafe, long hours, low pay |
| Labor Unions | thought to be violent and dangerous |
| Blacklist | Included names of union members not to be hired |
| Yellow Dog Contract | A promise by workers to not join a union |
| Vanderbilt | King of the Railroads |
| Haymarket Riot | Violence here made unions look bad. |
| Chinese | group that built much of the Central Pacific RR |
| Irish | group that built much of the Union RR |
| Knights of Labor | Started by Terrence Powderly; first major union |
| tariffs | taxes on imports |
| Homestead Act | Free land for staying 5 years or more |