Chapter 5 Section 1 Vocab Flashcards

0
Q

Inventor of the lightbulb

A

Thomas Edison

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1
Q

A new process to purify iron and turn it into steel

A

Bessemer Process

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2
Q

Invented the first automobile

A

Gottlieb Daimier

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3
Q

Manufactured cars that could go faster, and he used an assembly line to mass produce them

A

Henry Ford

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4
Q

Designed and flew the first airplane

A

Wilbur and Orville Wright

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5
Q

Inventor of the radio

A

Guglielmo Marconi

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6
Q

Establishes one of the first business monopolies

A

Alfred Krupp

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7
Q

Identical components that can be used in place of one another

A

Interchangeable parts

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8
Q

A belt that moves along different workstations, so that you can add new parts to a product

A

Assembly line

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9
Q

Business that is owned by many investors who buy shares of stock

A

Corporation

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10
Q

An association to fix prices, set production quotas, or divide up markets

A

Cartel

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