American Cultures, 9th grade
Terms
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- SUBSIDY
- Grants of money to assist a company.
- BOOMTOWN
- Towns that sprang up wherever people found gold or silver. Very rapid growth.
- GHOST TOWN
- Empty towns where no one lived after miners exhausted the veins of ore and moved on.
- OPEN RANGE
- The broad grassland of the West.
- COW TOWN
- Kansas railroad centers named this because their main business was to ship cattle.
- HOMESTEADER
- Persons granted land under the Homestead Act. They had to improve the land on which they lived and live on it for five years.
- RESERVATION
- Special lands set aside just for Native Americans.
- HEAVY INDUSTRY
- An industry that produces materials such as coal, iron or steel.
- PATENT
- Licenses protecting people's rights to make, sell or use their inventions.
- ENTREPRENEUR
- The leaders of "big business" who took risks to start new businesses.
- CORPORATION
- A business in which investors own shares.
- CAPITAL
- The money needed to start and run a business.
- MONOPOLY
- This is when one company gains control over an industry. (Rockefeller's Standard Oil)
- LAISSEZ-FAIRE
- A "hands-off" policy. In this chapter it means that government had a hands off attitude toward big business.
- TENEMENT
- Overcrowded apartment buildings.
- NATIONALIZE
- When government takes over certain areas of life, like public transportation or communication.
- GRADUATED INCOME TAX
- A federal tax pushed for by the Populists that required wealthy people to pay a higher percentage of their income than poorer people.
- GOLD STANDARD
- The government did not print paper dollars unless it had enough gold to back each paper bill. This limited the amount of paper money that there was.