Rise of Industry & Big Business

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

• natural resources

• network

• assembly line

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

• natural resources

• network

• trust

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

• monopoly

• Knights of Labor

• entrepeneur

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

• corporation

• Knights of Labor

• American Federation of Labor

making large quantities of a product quickly and cheaply

• mass production

• assembly line

• dividends

someone who sets up a new business to make a profit

• Knights of labor

• corporation

• entrepreneur

business owned by investors

• corporation

• free enterprise system

• monopoly

shares of a business sold by a corporation

• monopoly

• dividends

• stock

shares of a corporation's profits

• dividends

• stock

• monopoly

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

• free enterprise system

• monopoly

• trust