| A | B |
|---|
| AFL | became the most powerful union in the U.S. |
| mass production | invented by Henry Ford to make cars more quickly and cheaply thatn other automakers |
| John D. Rockefeller | organized Standard Oil Trust |
| vertical integration | controlling an industry from the raw materials to finished products |
| Sherman Antitrust Act | forbade the formation of monopolies |
| Collective Bargaining | negotiation between organized workers and their employer for reaching an agreement on wages, hours, and working conditions |
| strike | work stoppage by employees in order to force an employer to agree to workers' demands |
| Haymarket Riot | a riot resulting from labor problems that resulted in an anti-labor feeling |
| dividends | payments received by stockholders based on the profits of a business |
| entrepreneurs | people organize, manage and take financial risks in a business |
| J. Pierpont Morgan | powerful banker who bought up railroads and steel companies |
| Andrew Carnegie | King of Steel |
| Thomas Edison | inventor known as the "Wizard of Menlo Park" |
| patent | document that gives a person the right to make and sell an invention for a certain number of years |
| free enterprise | system in which private citizens can own and operate businesses |
| Samuel Gompers | founder of the AFL |
| Alexander Graham Bell | inventor of the telephone |
| Gustavus Swift | inventor of refrigeration |
| Orville & Willber | first successful airplane flight |
| monopoly | complete control of an industry |
