| A | B |
|---|
| Nikolaus A. otto | invented engine powered by gas |
| Effect of cars | improved roads traffic laws and driving tests |
| Orville and Wilbur Wright | they were the first ones to actually fly made the first Piloted flight |
| capitalism | private buisnesses run most industrys |
| free enterprise | free from government involvment |
| laissez-faire | free enterprise |
| entrepreneurs | people who start new buisness |
| corporations | companies that have the same legal rights as individuals |
| Andrew Carnegie | steel and used vertical intergration |
| vertical intergration | owning the buisness involved in each step of the manufacturing process |
| John D. Rockefeller | he used horizontal intergration- oil |
| horizontal intergration | owns all the buisnesses in a certain feild |
| monopoly | sole economic controll of a buisness or a product |
| trust | a legal arrangment grouping together a number of companys under a single board of directors |
