Age of Industry Flashcards
A license issued by the government that gives someone the right to make, use, and sell an invention without others copying it.
patent
Invented by Henry Ford to make building things more efficient and faster.
assembly line
When unions represent a group of workers in talks with management over wages over wages and other matters.
collective bargaining
a type of business organization that can have many owners and grow very large.
corporation
people who start a business had to raise capital in the form of money.
entrepreneur
total control of an industry by a single producer.
monopoly
a group of companies managed by a single board of trustees.
trust
3 ways the railroads affected the US
They moved manufactured goods from factories to markets. They also shipped crops from farming areas to cities. The steel, lumber, and coal industries grew. Lastly, railroad companies provided thousands of jobs.
Why was steel important to industrial growth after the Civil War?
Steel was important to the industrial revolution because it was a major tool used to make many of the new inventions and it contributed to the making of railroads.
Why was Edison’s research laboratory called an “invention factory?”
It was called an invention factory because all of the inventions he made in it.
What happened to workers as businesses grew?
They got paid more and more jobs were open.
What improvements were sought by unions?
They sought equal work for equal pay, including women and blacks, and an 8-hour workday.
Which industry should you associate with Andrew Carnegie?
The steel industry.
Which industry should you associate with John D. Rockefeller?
The oil industry.
Which industry should you associate with Henry Ford?
The automobile industry.
Which industry should you associate with Cornelius Vanderbilt?
railroad industry
What did Henry Ford and the Wright Brothers have in common?
They both built forms of transportation.
