| A | B |
|---|
| capital | money to spend and/or invest |
| railroads | improved transportation and aided our conversion to an industrial nation |
| immigrants | people who provided cheap labor to growing factories |
| assembly line | method used to mass-produce large quantities of goods quickly and cheaply |
| inventions | new products or machines |
| "horseless" carriage | early name for the automobile |
| Pittsburgh | city that became the center of the steel industry |
| labor | people to do work |
| machines | After the Industrial Revolution these did much of the work that had previously been done by hand |
| natural resources | things such as coal, iron ore, oil, and timber |
| monopoly | when one company has control of an entire industry |
| tariffs | taxes on imported goods |
| Industrialization | America's change from a farming nation to a nation full of factories and businesses |
| corporation | a business owned by many people who invest in the business by buying shares of stock |
| factories | large buildings full of machines that mass-produce large quantities of manufactured goods |
| Bessemer Process | used to make steel quickly and cheaply |
| stockholders | people who own stock in a corporation |
| Edison | inventor of the electric light and many other items |
| Bell | inventor of the telephone |
| Ford | developed a method to mass-produce low-cost automobiles |
| trust | when two or more companies join together to control an industry |
