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American Industrialization
A collection of vocabulary that encompasses early American business expansion.
12
History
10th Grade
09/08/2012

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Cards

Term
Vertical Consolidation
Definition
Control of all aspects of an entire business (Steel) or can be horizontal consolidation which is controlling one total aspect of an entire business (Oil).
Term
Business Cycle
Definition
Normal expansion and recession of business.
Term
Laissez- Faire Economics
Definition
government stays out of business affairs
Term
Children/women labor practices 1900
Definition
paid less and less opportunities than men in factory
Term
Industrial Working Conditions 1900
Definition
low pay, dangerous, long hours, and unhealthy conditions
Term
Immigration
Definition
workers from a foreign country
Term
Labor Unions
Definition
collective bargaining or workers negotiate together as a group for better working conditions
Term
Modern Agriculture
Definition
using machines and modern scientific methods to increase farm crop production
Term
Market Economy/Capitalism
Definition
distribution and production of goods is based on private citizens decisions along with supply and demand
Term
Traditional Economy
Definition
distribution and production of goods is based on custom of belief (Native Americans)
Term
Urban
Definition
growth of cities or city like
Term
Rural
Definition
farm like
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