industrialization- Big Business vocabulary chps 25 &27

Something that is made for the first time

• invention

• machine

• steel

• oil

This is formed when a business gets too big, and all other businesses go out (gets rid of all other competition) making only one large company

• Monopoly

• competition

• invention

When a company begins to control and take over many other companies/ businesses

• mass production

• big business

• company

A product that moves from worker to worker on a conveyor belt until it is put together

• conveyor belt

• assembly line

• monopoly

factories that clean oil after it is taken out of the earth

• Oil Refineries

• Invention

• Big Business

a strong metal made from Iron

• steel

• oil

• copper

When large amounts of items are made very quickly using an assembly line

• mass production

• big business

• conveyor belt

A long, moving belt that carries parts past factory workers

• mass production

• big business

• conveyor belt

Big Business leaders who created monopolies and got rid of all competition. They did not pay their workers much money and even put children to work, so they could make more money.

• robber Barons

• philanthropists

• monopoly

The "hands off" attitude of the US government towards big businesses. They did not get involved or make any laws to stop them from getting too big or powerful. This caused many big businesses to take advantage of their workers.

• don't touch

• monopoly

• Laissez-faire