Rise of Industry & Big Business

Front

system of connected railroad lines that made travel from one place to another easier

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network

Front

Examples: coal, iron ore, oil - used by people like Rockefeller, Carnegie to grow their businesses and make money

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natural resources

Front

Early labor union, let skilled and unskilled workers join. Wanted a ban on child labor and equal pay for men and women.

Back

Knights of Labor

Front

The union grew to become the most powerful union in the nation. Only allowed skilled workers to join. Pushed for "bread and butter" unionism - 8 hour workday, safer working conditions, better pay

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American Federation of Labor

Front

making large quantities of a product quickly and cheaply

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mass production

Front

someone who sets up a new business to make a profit

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entrepreneur

Front

business owned by investors

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corporation

Front

shares of a business sold by a corporation

Back

stock

Front

shares of a corporation's profits

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dividends

Front

controlling all or nearly all of the business of an industry (ex. Rockefeller-Standard Oil)

Back

monopoly