Age of Oil vocab

What is industrialization?

• The growth of agriculture

• The growth of factories and manufactured goods

• The growth of military technology

The discovery of THIS RESOURCE started at Spindletop

• Oil

• Coal

• Gold

• Lumber

What is a monopoly?

• A very fun board game

• When one person or group controls a whole business

• When the government owns a business

A period of great profits followed by a sharp decline

• Boom and bust cycles

• Monopoly

• Industrialization

Cities grew because people moved to cities to work in factories

• Spindletop

• Boom and bust cycles

• Urbanization

​ (a)   is when money is made through business.

• Profit
• Industrialization
• boom and bust cycle

What is a reform movement?

• To improve (something or someone) by removing or correcting problems

• A period of profit followed by sharp decline

• Complete control of a product