Industrial Age Flashcards
Who was Lewis Latimer?
He was an African-American inventor who played a key role in improving practical electrical lighting
Who was Thomas Edison?
He was an Inventor of the electric light bulb and many other devices
Who was Andrew Carnegle?
He built the U.S steel industry
Who was John D. Rockefeller?
He was the founder of the standard oil trust
Who was Alexander Graham Bell?
He was the inventor of the telephone
What is a business cycle?
The pattern of good and bad economic times
What is a monopoly?
A business that gains control of an industry by eliminating other competitors’
Who was robber baron?
A business leader who became wealthy through dishonest methods,
What was the Gilded age?
Late 1800s era of fabulous wealth
What is Trust?
A legal body created to hold stock in many companies, often within an industry
What is a shareholder?
An investor who buys part of a company through shares of stock
What is depression?
A period of low economic activity
What are patents?
Government documents giving an inventor the exclusive right to make and sell an invention for a specific number of years
What is a corporation?
A business owned by investors who buy part of it through shares of stock
Who invented the typewriter?
Christopher Latham Shores