Quarter 4 Vocab

Front

Process that transformed iron into steel, enabling taller buildings and heavier machinery.

Back

Bessemer Process

Front

Movement of people from rural to urban areas

Back

Urbanization

Front

Used oxygen and materials to purify molten iron into steel, increasing production.

Back

Bessemer Process

Front

Ownership share in a corporation

Back

Stock

Front

Business owned by investors with limited loss risk

Back

corporation

Front

Group of corporations managed by one board of directors

Back

Trust

Front

A business that controls all production aspects with no competition. Example: Standard Oil.

Back

Monopoly

Front

Economic system with private ownership, market economy, and profit motive.

Back

Capitalism

Front

Journalists exposing corruption in business and government:

Back

Muckrakers

Front

Process where people vote directly on a bill

Back

referendum