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 |
Transcontinental Railroads | created time zones to help with schedules |
Henry Bessemer | 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 by expanding big business |
social Darwinism | idea of survival of the fittest in society |
monopoly | complete control of a product or service |
Haymarket Square | Chicago place where workers and police rioted |
Edwin Drake | first to strike oil through a well |
trust | different companies run by the same board of directors |
horizontal consolidation | bringing together similar companies in the same buisness |
vertical consolidation | gaining control of many different buisnesses that make up all phases of a product's development |
injunction | A court order to stop an action like a strike |
division of labor | most often seen in the factory where different components of a product is produced by different people |
Socialism | favored public control of big business |
Scabs | replacement workers |