test pt 2 Flashcards

1
Q

industrialization

A

the widespread development of industries through a region,culture,etc

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2
Q

innovation

A

a new idea

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3
Q

andrew carnegie

A

steel

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4
Q

John d rockefeller

A

oil

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5
Q

entrepreneurs

A

business owners who invest their own money in a product

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6
Q

effect of entrepreneurs

A

created jobs

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7
Q

capitalism

A

trade is controlled by private owners for profit (not by govt)

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8
Q

protective tariffs

A

a tax that makes imported goods more expensive

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9
Q

patent

A

government gives inventor right to make and sell for certain amount of time (only them allowed)

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10
Q

laissez faire

A

business operate under minimal government regulation

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11
Q

time zones were created in

A

1884

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12
Q

negative effects of 2nd industrial revolution

A

pollution, destroyed land, more war

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13
Q

what led to 2nd industrial revolution

A

cival war

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14
Q

henry bessemer

A

purifying iron

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15
Q

samuel fb morse

A

telegraph and morse code

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16
Q

John A Roebling

A

wire rope

17
Q

elisha otis

A

elevator