| A | B |
| industrial capitalism | industrial expansion motivated by the search for profit |
| Eli Whitney | came up with the idea of interchangeble parts |
| Frederick Taylor | came up with the idea of division of labor |
| Henry Ford | used assembly lines in his factories |
| partnerships | business organizations involving two or more entrepreneurs |
| corporation | stockholders own shares in a company |
| depression | lowest point in a business cycle |
| Samuel Morse | invented the telegraph |
| Guglielmo Marconi | invented the wireless telegraph (radio) |
| Alexander Graham Bell | invented the telephone |
| Thomas Edison | invented the phonograph |
| Rudolf Deisel | developed the oil burning internal combustion engine |
| Wilbur and Orville Wright | first motorized airplane |