Industrial Revolution

2. is an economic system in which a country’s trade and industry are controlled by private owners for profit.
4. of Industry a wealthy businessman that contributes to society in a way that is positive and influential.
5. enterprise in a capitalist system, people have the freedom to operate business the way they want.
7. Line a process of production by which each worker performs a specific task repeatedly. Used to manufacture cars.
8. Name given to a factory in which employees work long hours in poor conditions for low wages.
9. integration purchase of companies at all levels of production
11. there is only one supplier of a necessary product, which eliminates competition
14. the belief that Americans should be free to manage their own business without government getting involved.
16. a larger business owned by many investors.
17. integration purchase of competing companies in the same industry.

1. the money and machinery needed to produce a certain good.
3. rapid growth of manufacturing and production.
6. Baron a wealthy businessman that tries to gain more power in a way that is dishonest and ruthless.
10. labor using underage children in factories. Factory owners could pay the children less and they could fit into small places.
12. motive a reason to start a business
13. Railroad a railroad that runs across the United States connecting the east and west coasts. Results of the railroad were growth of the steel, coal and lumber industries, different regions of the country can do business with each other, and raw material can be transported.
15. investors give it a lot of money so it can grow. Large business that has many shareholders.