| A | B |
|---|
| patents | licences to make, use or sell an invention |
| productivity | the amount of goods or services created in a given period |
| Samuel Morse | perfected the telegraph and its messaging system |
| Intercontinental Railroad | created time zones |
| Henry Bessemer and William Kelly | developed a new process for making steel |
| mass production | production in great amounts |
| Washington Roebling | credited for building the Brooklyn Bridge |
| Robber Barons | make a fortune from stealing from the public |
| Captains of Industry | served their nations in a positive way |
| social Darwinism | idea of survival of the fittest |
| monopoly | complete control of a product or service |
| cartel | loose association of buisnesses that make the same product |
| Edwin Drake | first to strike oil through a well |
| trust | companies managed as a single entity |
| horizontal consolidation | bringing together companies that were in the same buisness |
| vertical consolidation | gaining control of many different buisnesses that make up all phases of a product's development |
| piecework | persons who work the fastest and produce the most get paid the most |
| division of labor | most often seen in the factory where different components of a product is produced by different people |
| Socialism | favors public control of property and income |
| Scabs | replacement workers |
