industrialization

5. costs Costs that do not vary with the quantity of output produced
7. Darwinism Survival of the fitest competition in bussiness only the strong survie
11. a person who founds, organizes, operates, and assumes the risk of a business
12. An association of workers, formed to bargain for better working conditions and higher wages.
14. Growth of factories exports increasing
15. Illegal use of political influence for personal gain
16. Where all public property is owned and everyone is payed according to their abilities and needs
17. gives the inventor protection over his inventions
19. Telephone
23. civil service act T. roosevelt makes people test for government
24. Bessemer Invented a way to make steel out of iron efficiently

1. A group of corporations run by a single board of directors
2. deal Economic policy by Roosevelt that favored fair relationships between companies and workers
3. grahn bell Person who invented the telephone
4. age time period looked good on the outside, despite the corrupt politics & growing gap between the rich & poor
6. Rockefeller He is widely considered the wealthiest American of all time, and the richest person in modern history.
8. exclusion act Denied any additional Chinese laborers to enter the country while allowing students and merchants to immigrate.
9. Growth of cites
10. Machines Headed by a single boss or small autocratic group that commands enough votes to maintain political control over a city,country or state
13. Mobilier Stock holders raised prices
18. ecnomy a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer
20. Vanderbilt Bought New York Central Railroad that ran from NY to Chicago. 5 Transcontinental Railroads went into Chicago, so he had a monopoly
21. company A cooperation whose sole purpose is to buy out the stock of other companies.
22. W. Carnegie Scottish-American industrialist, business magnate, and philanthropist.