Industrialization Flashcards

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Transcontinental Railroad

Back

A railroad that connected the East and West coasts of the United States, making travel and trade easier.

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Capitalism

Back

An economic system where people can own businesses and make money from them.

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Robber Barons

Back

Business leaders who became very wealthy, sometimes by unfair practices. Ex: not paying their employees fair wages

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Entrepreneur

Back

A person who starts their own business to make money.

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John D. Rockefeller

Back

A businessman who made a lot of money in the oil industry.

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J.P. Morgan

Back

A banker who helped businesses with money and loans.

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Andrew Carnegie

Back

A businessman who made a fortune in the steel industry.

Front

The Bessemer Process

Back

A method for making steel quickly and cheaply.

Front

Cornelius Vanderbilt

Back

A businessman who built a large railroad company.

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Philanthropist

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A person who gives a lot of money to help others or support good causes.