Gilded Age Vocabulary

Question

10 words

Directions: Define each term, Give a synonym and antonym for each, and find an image that represents the term.

Definition
synonym
antonym
image
Corporation

Entrepreneur

Labor union

Laissez-faire

Mass production

Monopoly

Trust

Urbanization

Tariff

Tenement

Answer 1

Corporation: A legal entity that is separate and distinct from its owners, created to conduct business.

Synonym: Company
Antonym: Small business
Image: [Image: Corporation]

Entrepreneur: A person who organizes and manages a business or enterprise, taking financial risks in order to do so.

Synonym: Business owner
Antonym: Employee
Image: [Image: Entrepreneur]

Labor union: An organized association of workers, formed to protect and further their rights and interests.

Synonym: Trade union
Antonym: Employer
Image: [Image: Labor union]

Laissez-faire: A policy or attitude of letting things take their own course, without interfering.

Synonym: Hands-off approach
Antonym: Regulation
Image: [Image: Laissez-faire]

Mass production: The production of large amounts of standardized products, often using assembly lines or other highly efficient methods.

Synonym: Factory production
Antonym: Handcrafted
Image: [Image: Mass production]

Monopoly: The exclusive possession or control of the supply of a commodity or service; a company or group that has a monopoly.

Synonym: Control
Antonym: Competition
Image: [Image: Monopoly]

Trust: A combination of corporations formed for the purpose of reducing competition and controlling prices.

Synonym: Cartel
Antonym: Competition
Image: [Image: Trust]

Urbanization: The process of making an area more urban or city-like, typically involving population growth and increased infrastructure.

Synonym: City development
Antonym: Rural
Image: [Image: Urbanization]

Tariff: A tax or duty to be paid on a particular class of imports or exports.

Synonym: Duty
Antonym: Free trade
Image: [Image: Tariff]

Tenement: A run-down, overcrowded apartment building, typically in a poor urban area.

Synonym: Slum
Antonym: Luxury housing
Image: [Image: Tenement]