| A | B |
|---|
| Captain of Industry | wealthy industrialist who was in fair business practices and benefitted society |
| division of labor | different tasks by different people |
| piecework | pay determined by number of items produced |
| kickback | payback of sum received from increased fees |
| foresight and immagination | employed by A.C., allowed for developement of creative solutions |
| patent | a copyright |
| efficiency | term for making necessary improvements |
| subsidy | a gift or land or money from gov. |
| philanthropy | charitable contribution |
| rebate | discount in the form of a refund for a product |
| scientific labor | scientific principles to increase efficiency in the workplace |
| standardization | adjusting RR tracks to the same size |
| John Rockefeller | made wealth in oil |
| robber barons | neg. term applied to people that engaged in unfair practices to achieve wealth |
| Promotory Point | place in utah where RRs met |
| Andrew Carnegie | made wealth in steel |
| Big business | large industry who controlled economic power |
| monopoly | company that controls market in a certain industry |
| Bessemmer Process | enable to produce steal faster,cheaper |
| open market | concept behind man. selling good through the RR |
| vertical integration | method of controlling an industry from raw materials to finished market |
| consolidation | multiple businesses combined into one with similar goal/interests |
| network | system of connected RR lines through out the country |
