All terms in this list:
industrialization: when workers and immigrants from other countries moved into urban areas (cities) and began to work in the factories. This began in the US in the 1870's
rural: farm area
urban: city area
suburban: area located on the out skirts of the cities
tenement houses: crowded apartment buildings where many people lived during the Industrial Revolution
entrepreneur: Someone who starts up their own business
corporation: new businesses needed money (capital) to start up. A corporation was one way to get that capital. Corporations sell shares of their business, called stocks, to the public. If the company does well, stockholders earn a profit
Laissez-Faire: The government allows business owners to do as they choose
monopoly: When there is no competition in business
J. Pierpont Morgan: A great organizer
Bought many businesses, including Carnegie Steel
Controlled many RR's
Worth Billions
Banking Mogul
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