US History Ch 4.1 - 4.3 Vocabulary

Land set aside by the federal government for Native Americans

Developed assembly line which improved mass production & made products affordable for consumers

Economic system where individuals & corporations control means of production to earn profits

Was the first inexpensive industrial process for the mass production of steel

Production of goods in large quantities

Economic & social philosophy holding that unrestrained competition ensures survival of fittest

Paper Money

A company taking over its supplier, distributors, & transportation systems to gain total control over quality & cost

Name for late 1800s by Mark Twain to describe increase in wealth caused by industrial age

A market in which there is only one supplier of a product and no market competition

1887 law intended to Americanize Natives by distributing reservation land to individual owners

Use of gold and silver for a national monetary system

Business arrangement under which a number of companies unite into one system

Social & educational cooperative through which farmers attempted to combat power of railroads

Entrepreneurs known to be crooked in their business dealings

Government system in which power resides with the people

Late 19th Century political movement seeking to advance the interests of farmers & laborers

Situation in which the supply of manufactured goods exceeds the demands, leads to lower prices and unsold goods

Owned & operated by John D Rockefeller, became 1st trust controlling all aspects of production

A railroad line linking the Atlantic and Pacific coasts of the United States, 1869