1. Resources• People, goods,

capital, and materials

necessary to produce

products or provide a service.

2. Products• Goods

manufactured using natural

resources.

3. Markets•Centers

where products,

goods, and services are

sold.

4. Manufacturing• The

production of goods or services by

hand or machine.

5. Natural Resources•Raw

materials occurring

naturally (not man-made).

6. Iron Ore• The raw material

needed in order to

create steel.

7. Steel Mills

•Manufacturing plants in

which iron ore is turned into

steel.

8. Textile

•Fabric or cloth

material.

9. Specialized Industries•Groups of

businesses that focus on making or providing one particular good

or service.Meat Packing Plant

Textile Factory

10. Rural• Communities

of low or sparse

population.–Antonym:

Urban

11. Agricultural Economy• An economy

based in the growing and

selling of cash crops for a

profit.

12. John D. Rockefeller• During the

Industrial Revolution, this man owned the

oil refining monopoly called “Standard Oil.”

13. Andrew Carnegie• During the

Industrial Revolution this man owned the steel monopoly

called “Carnegie Steel,” later

renamed “United States Steel.”

14. Cornelius Vanderbilt• During the

Industrial Revolution, this man owned the shipping and

railroads monopoly called

“New York Central Railroad.”

15. Low-Cost Production• Providing a product

or service at the lowest cost to the producer possible.– For example: A business

can pay low wages to their employees or cut corners when it comes to the safety of the product.

16. Financial Resources

• Capital or money

needed to provide a

product or service.

17. Monopoly

• Having control of a vast majority of a single industry.

• The act of donating

one’s own money to

charities and the

community.

18. Philanthropy

19. Mechanization

• The process by which manual

human labor is replaced by

machines.

20. Centers of Population• Areas in which large groups of

people live and work near centers of industry.

21. Mail Order

• This allowed people to purchase goods and products

through the mail that might not be available in their

location.

Sears, Roebuck Barn Mail Order Barn

Chicago monolith Sears, Roebuck & Company was truly the farm family's friend, offering everything from girdles to guitars, baby chicks to barns through its voluminous mail-order catalog-which itself then served double-duty in the outhouse.

These Sears barn kits included do-it yourself plans, doors, glass windows, and pre-cut fir, hemlock, and cypress boards that were numbered to aid easy assembly.

As this ad proclaimed, "Just as the sickle has been replaced successively by the cradle, the self rake and the binder, so the old time, wasteful, not ready cut system of construction is being replaced by our modern and economical 'Honor Bilt' Already Cut buildings."

Analyzing Political Cartoons•

O is for Overview. Conduct a brief overview of the main subject of the visual.

•P is for Parts. Scrutinize the parts of the visual.

• Note any elements or details that seem important. •

T is for Title. Read the title or caption of the visual (if present) for added information.

•I is for Interrelationships. Use the words in the title or caption and the individual parts of the visual to determine connections and relationships within the graphic.

•C is for Conclusion. Draw a conclusion about the meaning of the visual as a whole.

• Summarize the message in one or two sentences.

“Standardoiloctopus”

"The Bosses of the Senate"

"King Rockefeller"