monopoly - company that controls all or nearly all the business in a particular industry, robber baron - a ruthlessly powerful business owner in the late 19th century considered to have become wealthy by exploiting natural resources, corrupting legislators, or other unethical means., entrepreneur - a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so., horizontal integration - a company acquires other companies in the same industry to grow the company, decrease competition, diversify, or reach new markets and customers, philanthropist - a person who donates his/her money to charity, Gilded Age - the period in the U.S. 1870–1900, characterized by rapid industrial growth and expansion, excess of money and a huge gap between the rich and poor., labor - human activity that provides the goods or services in an economy, union - an organization that represents the interests of workers, trust - a group of businesses that team up or form a monopoly in order to dictate pricing in a particular market., capital - the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc., competition - opposition/rivalry between business for customers or markets, collective bargaining - a negotiation of wages and other conditions of employment by an organized body of employees., corporation - a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law., laissez-faire - a policy or attitude of letting things take their own course, without interfering, a “hands off” approach, urbanization - the population shift from rural areas to urban areas or cities, strike - a refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer., sweatshop - a factory that employs workers for long hours at low wages and in dangerous conditions., capitalism - an economic system characterized by private ownership of business, free trade and competition., vertical integration - having control of all the steps required to change raw materials into a finished product, assembly line - an arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific, successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line.,

Industrialization

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