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