| A | B |
|---|
| Bessemer Process | Process of burning off impurities to make steel using hot air blast. |
| Edwin Drake | Developed oil drilling method using steam. |
| Elijah McCoy | Engineer; Inventor of automatic lubricator, ironing board, rubber heels for shoes, ironing board. |
| Patent | Issued by Fed Government protecting inventions from from theft by others |
| Transcontinental railroad | 1st railroad developed in 1869 to transport goods across U.S. |
| Telegraph | Invented by Samuel Morse; communication over wires with electricity. |
| Trunk Lines | Railroad lines used to connect outlying areas |
| Capitalism | Economic system in which private business runs most industries and competition determines financial growth. |
| Free enterprise | Belief that business prosperity is determined by minimizing government intervention |
| Communism | Political theory; espouses communical not individual ownership of property. |
| Social Darwinism | Theory that the survival of the fittest |
| Corporation | company that sells shares of ownership |
| trust | Arrangement grouping several companies under a single board of directors to eliminate competition, regulate production. |
| monopoly | Exclusive economic control of an industry |
| Andrew Carnegie | Steel industry magnet; eliminated competition through cost control: vertical integration |
| Cornelius Vanderbilt | Pioneer of railroad industry. |
| George Pullman | Railroad car designer for ease of long distance |
| Anarchists | People who oppose all forms of government |
| Sherman Antitrust Act | Law prohibiting monopolies and trusts that restrained trade. |
| Knights of Labor | Organized in 1869; One of 1st national labor unions |
