� The country's economy is supported by industry.
Industrial- adj. relating to factories or the people working in factories.
� Industrial production is up in India where more factories are being built every day.
Industrialize- v. (also: Industrialization) to develop a lot of industry/factories.
� After the Civil War, the South needed to Industrialize and build factories of its own.
Revolution- n. a complete change in ways of thinking, methods of working, etc.:
� Computer technology has caused a revolution in business practices.
Laissez-Faire- n. the practice that the government should not control or interfere with businesses or the economy at all.
� The laissez-faire policies of the American Government during the Gilded Age let big business do whatever it wanted.
Monopoly- n. 1. the control of all or most of a business activity (like selling sugar, running a railroad, etc), or the company that has this control: 2. to have a monopoly on something is to have complete control or possession of something, so that other people cannot have it:
� The train company has a monopoly on services to New Jersey.
Tenement- n. a large building divided into apartments, especially in a poor area of a city.
� The tenement in the worst part of the city burned down leaving 12 families homeless.