Second Industrial Revolution

Front

____________________: a company whose ownership is spread out to two or more shareholders in such a way as to spread out the risk involved

Back

Corporation

Front

Bessemer steel process: a cheap and efficient process of making __________, developed around 1850

Back

Steel

Front

_____________: a manufacturing process in which parts are added to a product in a sequential manner using optimally planned logistics to create a finished product

Back

Assembly Line

Front

Laissez-faire ___________________: allowing industry to be free of government restriction

Back

Capitolism

Front

___________: a term common in the 19th century to describe businessmen and bankers who dominated their respective industries and amassed huge personal fortunes…although some refer to them as Captains of Industry

Back

Robber barons

Front

_____________: term coined by author Mark Twain to describe the age of extravagant displays of wealth and excess of America’s upper-class during the late 1800’s

Back

Gilded Age