Growing America Vocabulary Review #1

a change from making goods by hand to using machines

• Craftsmanship
• Automation
• Artisanal production
• Industrialization

having total ownership or control over a certain industry/business

• Corporation

• Philanthropy

• Monopoly
• Laissez-faire

making goods in large quantities (amounts) usually with the aid of machines

• industrialization

• mass production

• assembly line

• corporation

policy that the government should NOT interfere much with the nation's economy

• philanthropy

• industrialization

• corporation

• laissez-faire

a mechanized line (it moves) where workers standing next to it perform certain tasks over and over again

• urbanization

• assembly line

• industrialization

• corporation

charitable acts of gifts or money to benefit the community

• philanthropy

• corporation

• monopoly

• shareholder

created one of the world's first research facilities, producing thousands of inventions like the light bulb, phonograph, etc.

• Thomas Alva Edison

• Henry Ford

• George Eastman

• Andrew Carnegie

a company that sells shares of stack (ownership) in its business to the public

• corporation

• shareholders

• monopoly

• assembly line

a person who invests in a corporation by buying shares of stock, and therefore is a partial owner

• shareholder

• corporation

• labor union

• philanthropist

process of people moving from rural areas (country) to urban areas (cities)

• industrialization

• urbanization

• lassez-faire

• corporation