social studies Flashcards
Lewis Latiner
African-American inventor who played a key role in improving practical electrical lighting
Thomas Edison
Inventor of light bulb, phonograph and numerous other innovations
Alexander Graham Bell
invented the telephone
John D. Rockefeller
established the standard oil company
robber baron
a business leader who became wealthy through dishonest methods
Andrew Carnegie
built U.S. steel industry
Gilded age
patents
government documents giving an inventor the exclusive right to make and sell an invention for a specific number of years
corporation
A business owned by stockholders who share in its profits but are not personally responsible for its debts
monopoly
business that gains control of an industry by eliminating other competitors
trust
a legal body created to hold stock in many companies, often within an industry
business cycle
the pattern of good and bad economic times
shareholder
an investor who buys part of a company through shares of stock
depression
A period of low economic activity and rising unemployment
gild
cover with a thin layer of gold
