Industrialization and Economic Concepts

Front

Industrialization

Back

The process of developing industries in a country or region.

Front

Tycoon

Back

A wealthy and powerful businessperson.

Front

Monopoly

Back

The exclusive possession or control of the supply or trade in a commodity or service.

Front

Capitalism

Back

An economic system in which private individuals own and control property and businesses.

Front

Philanthropy

Back

The desire to promote the welfare of others, typically through the donation of money to good causes.

Front

Robber Baron

Back

A term used to describe a powerful 19th-century businessman who engaged in unethical practices to amass wealth.

Front

Andrew Carnegie

Back

An industrialist who led the expansion of the American steel industry and was a major philanthropist.

Front

John D. Rockefeller

Back

A co-founder of the Standard Oil Company, which became the first great U.S. business trust.

Front

J.P. Morgan

Back

A powerful banker and financier who helped to stabilize American financial markets during economic crises.

Front

Henry Ford

Back

An industrialist who founded the Ford Motor Company and revolutionized factory production with his assembly line method.