| A | B |
|---|
| Industrialization | the period of time when businesses began making their products using machines and factories. |
| Assembly Line | a method of production when each person does one piece of the final product |
| Steel | a mixture of iron, carbon and other metals to make a stronger more durable material |
| capital | money invested in business |
| corporation | a business that is owned by investors |
| stockholder | an investor in a corporation owns shares of stock in the corporation |
| trust | when the same type of businesses join together and work jointly |
| monopoly | when on business owns all of the production and sales of a particular product or service |
| subsidies | financial breaks or money from the government to help support a private business |
| Andrew Carnegie | first major steel entrepreneur |
| Thomas Edison | major inventor of the late 19th century, develped the light bulb and electrical distribution |
| Robber Barons | wealthy entrepreneurs who became rich through questionable business practices |
| John D. Rockefeller | founder of Standard Oil Company |
| Alexander Graham Bell | inventor of the telephone and other inventions |
