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15 Cards in this Set
- Front
- Back
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Second Industrial Revolution |
A period of rapid growth in manufacturing and industry in the late 1800's |
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Bessemer Process |
A process developed in the late 1850's that led to faster, cheaper steel production |
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Patents |
An exclusive right to make or sell an invention |
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Corporation |
A business that sells portions of ownership called stock shares |
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Vertical Integration |
The business practice of owning all of the businesses involved in each step of a manufacturing process |
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Horizontal Integration |
Owning all the businesses in a certain field |
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Trust |
A number of companies legally grouped under a single board of directors |
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Monopoly |
A complete control over the entire supply of goods or a service in a poetic ulnar market |
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Sherman Antitrust Act |
A law that that made it illegal to create monopolies or trusts that restrained free trade |
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Knights of Labor |
A secret society that became the first truly national labor Union in the United States |
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Collective Bargaining |
A technique used by labor unions in which workers act collectively to change working conditions or wages |
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Old Immigrants |
A term often used for an immigrant who arrived in the United States before the 1880's |
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New Immigrants |
A term often used for an immigrant who arrived in the United States beginning in the 1880's |
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Tenements |
Poorly built, overcrowded housing where many immigrants lived |
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Settlement Houses |
Neighborhood centers staffed by professionals and volunteers for education, recreation, and social activities in poor areas |
