Industrialization Unit Flashcard

Front

A person who invests their own money or capital into a business, taking a financial risk to potentially earn greater profits is called an ___________.

Back

Entrepreneur

Front

In a _________________ economy, the government does not interfere with the nation's business practices.

Back

Laissez-faire

Front

Timber, copper, iron ore, coal, and petroleum:

Back

Natural resources abundant (available in great supply) in 19th century America

Front

In the late 19th century, the US had many workers available as a result of:

Back

Immigration from Europe and Asia, and natural population increases from large families

Front

Which of the following was one of Thomas Edison's inventions?

• Air-brakes for railroads
• Light bulb
• Telephone

Back

Light bulb

Front

How did refrigerated railroad cars effect the food industry?

Back

Kept meat, dairy, and produce fresh during shipping

Front

Corporations are owned by investors who buy shares of the company called:

Back

stocks

Front

Total control of an industry by eliminating any competition for business

Back

Monopoly

Front

New business organizations created to avoid violating anti-monopoly laws:

Back

Holding companies and trusts

Front

Blacklists, lockouts, and strikebreakers were used:

Back

To stop unions from forming and operating