The Gilded Age Flashcards
Who invented the lightbulb?
Thomas Alva Edison
Who invented the telephone?
Alexander Graham Bell
Who invented the Bessemer Process?
Henry Bessemer
Who invented the elevator?
Elijah Otis
Who invented the airplane?
The Wright brothers
Who invented the assembly line?
Henry ford
Who invented the Kodak camera?
George Eastman
What does gilded mean
Painted in gold
A person who is symbols and organizes the resources necessary to produce goods and services.
Entrepreneur
Money earned by business after subtracting its operation costs
Profit
Siri that economics work best when there is minimal involvement from government
Laizze-faire
A business that is owned by many investors
Corporation
A group of corporations that unite in order to reduce competition in control prices in a business or industry
Trust
A company that controls all production and sales of a particular product or service
Monopoly
