EOY U.S. History Review Part 1

People who invest money in a product or enterprise in order to make a profit.

• Entrepreneur

• Patent

• Bessemer Process

• coporation

Taxes that would make imported goods cost more than those made locally.

• protective tariff

• bessemer process

• Laissez Faire

• horizontal integration

A policy which allowed businesses to operate under minimal government regulation.

• mass production

• protective tariff

• horizontal integration

• Laissez Faire

A grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time.

• patent

• monopoly

• entrepreneur

• corporation

An inventor and creative genius who received more than 1,000 patents for new inventions.

• Thomas Edison

• Terence V. Powderly

• Andrew Carnegie

• John D. Rockefeller

A process for purifying iron resulting in strong, but lightweight steel.

• Bessemer Process

• Horizontal Integration

• Suspension Bridge

• Protective Tariff

Bridges in which the roadway is suspended by steel cables

• suspension bridge

• draw bridge

• cartel

• bessemer process

Twenty-four zones around the world, one for each hour of the day.

• time zone

• patent

• monopoly

• cartel

Systems that depended on machinery to turn out large numbers of products quickly and inexpensively.

• mass production

• horizontal integration

• protective tariff

• Laissez Faire

A form of group ownership in which a number of people share the ownership of a business.

• corporation

• patent

• cartel

• monopoly