U.S. History Chapter 4: The Triumph of Industry (1865-1914)

People who invest money in a product or enterprise in order to make a profit.

• Entrepreneur

• Patent

• Thomas Edison

• John D. Rockefeller

Taxes that would make imported goods cost more than those made locally.

• Protective Tariff

• Laissez Faire

• Horizontal integration

• Bessemer process

A policy which allowed businesses to operate under minimal government regulation. "Hands off"

• Laissez Faire

• Protective tariff

• Mass production

• horizontal integration

A grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time.

• patent

• corporation

• entrepreneur

• monopoly

An inventor and creative genius who received more than 1,000 patents for new inventions.

• Thomas Edison

• John D. Rockefeller

• Andrew Carnegie

• Terence V. Powderly

A process for purifying iron resulting in strong, but lightweight steel.

• Bessemer Process

• Protective Tariff

• Suspension Bridge

• Horizontal Integration

Bridges in which the roadway is suspended by steel cables.

• Suspension bridge

• Bessemer process

• Cartel

• Draw bridge

Twenty-four zones around the world, one for each hour of the day.

• time zone

• monopoly

• cartel

• patent

Systems that depended on machinery to turn out large numbers of products quickly and inexpensively.

• mass production

• horizontal integration

• protective tariff

• Laissez faire

A form of group ownership in which a number of people share the ownership of a business.

• corporation

• cartel

• monopoly

• patent