capital Money for investment in industry

George M. Pullman Developed a luxury sleeping car for overnight

philanthropy The use of money to benefit a community

Standard Oil Company of Ohio Organized by John D. Rockefeller

George Eastman Invented the Kodak camera

Pittsburgh Leading producer of steel in the U.S.

Time zones Developed in order to coordinate train schedules

Knights of Columbus Formed in 1869 to protect workers’ rights

Assembly line Allowed mass production of goods

consolidation Large companies expand by buying smaller companies or driving them out of business

pools Secret agreements among railroad barons that eliminated competition

Child labor Children under the age of 16 who worked in factories and in agriculture

Henry Ford Began designing cars at his own company in 1903

monopoly Total control by a single producer

Alexander Graham Bell Invented the telephone

corporation A company that sells stock to the public to raise capital

Thomas Edison Invented the light bulb and designed power plants

Haymarket Site of a riot among striking workers that resulted in the deaths of several people

Factors of production Land, labor, and capital

Railroad barons A few powerful individuals who controlled rail traffic