Quarter 4 Vocab

This process converted iron to steel and allowed for taller buildings, longer bridges, and heavier machinery.

• Carnegie Process
• Ironing Process
• Bessemer Process
• Bell Process

The movement of people from rural areas to cities is called

• Industrialization

• Urbanization

• Communism

• Democracy

Used oxygen and other materials to purify molten iron ore into steel, enabling steel makers to produce more

• Bessemer Process

• Steel Mills

• Capitalism

• Interchangeable Parts

Share of ownership in a corporation

• Surplus

• Stock

• Trust

• Dividend

Business that is owned by investors whose risk of loss is limited

• Sweatshop

• corporation

• trust

• monopoly

group of corporations run by a single board of directors

• monopoly

• stock

• trust

• corporation

A business that controls every aspect of a production from origin to point of sale. There is no competition. Standard Oil is an example of this

• Oligolpoly

• Monarchy

• Monopoly

• Labor Unions

economic system based on private ownership, market economy, and the goal of making a profit

• capitalism

• socialism

• communism

• feudalism

These were journalists who wrote book and articles that exposed corruption in business and government:

• Progressives

• Muckrakers

• Sensationalists

• Investigative reporters

process by which people vote directly on a bill

• rebate

• conservation

• recall

• referendum