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Published byDortha Sutton Modified over 9 years ago
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capital Money for investment in industry
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George M. Pullman Developed a luxury sleeping car for overnight
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philanthropy The use of money to benefit a community
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Standard Oil Company of Ohio Organized by John D. Rockefeller
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George Eastman Invented the Kodak camera
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Pittsburgh Leading producer of steel in the U.S.
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Time zones Developed in order to coordinate train schedules
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Knights of Columbus Formed in 1869 to protect workers’ rights
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Assembly line Allowed mass production of goods
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consolidation Large companies expand by buying smaller companies or driving them out of business
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pools Secret agreements among railroad barons that eliminated competition
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Child labor Children under the age of 16 who worked in factories and in agriculture
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Henry Ford Began designing cars at his own company in 1903
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monopoly Total control by a single producer
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Alexander Graham Bell Invented the telephone
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corporation A company that sells stock to the public to raise capital
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Thomas Edison Invented the light bulb and designed power plants
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Haymarket Site of a riot among striking workers that resulted in the deaths of several people
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Factors of production Land, labor, and capital
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Railroad barons A few powerful individuals who controlled rail traffic
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