Chpt 18 Sec 2 big business and organized labor

Business that sells portions of their ownership - stocks

• Corporation

• Company

• Vertical Integration

• Association

Number of companies under a single board of directors

• Trust

• Monopoly

• National Grange

• Corporations

A company that controls most or all business in a particular industry

• Oligopoly

• Philanthropy

• Monopoly

• Corportation

What area did John D. Rockefeller make his wealth?

• Oil

• Steel

• Railroads

• Farming

Labor unions were established because

• pay was low

• long working hours

• unsafe working conditions

• all of the above

Business owner who donated much of his wealth towards universities and libraries.

• Andrew Carnegie

• John D. Rockefeller

• Thomas Edison

• Nikola Tesla

An arrangement where a product is moved from worker to worker, with each person performing a single task in the making of the product.

• Factory System

• Lowell Mills

• Assembly Line

• Cottage Industry

A person who organizes, manages, and takes on the risks of a business

• labor union

• nativist

• share cropper

• entrepreneur

Who was responsible for developing motorized flight

• Thomas Edison

• The Wright Brothers

• Alexander Graham Bell

• Samuel Morse

Who perfected the incandescent light bulb?

• Alexander Graham Bell

• Samuel Morse

• Alexander Hamilton

• Thomas Edison