Chapter 18: The Industrial Society Flashcards
Trunk Lines
Four major railroad networks that emerged after the civil war to connect the eastern seaports to the Great Lakes and western rivers. They reflected the growing integration of transportation across the country that helped spur large-scale industrialization.
Cornelius Vanderbilt
Railroad entrepreneur
George Pullman
.
Promontory Point
.
J.P. Morgan
Bailed out the railroads.
Created standardization for the railroads.
Bessemer Process
made steel stronger
Vertical Integration
own everything about and related to a company (cut out the middle man) - a form of monopoly
Andrew Carnegie
Industrialized steel.
Poor scottish immigrant
U.S. Steel Corp.
Carnegie’s steel corporation which was sold to J.P. Morgan
John D. Rockefeller
Monopolizer of oil
Threatened rival and bribed politicians
Spied on and harassed costumers of rivals
“Black Gold”
nickname for oil - petroleum
Trust
A group of trustees formed to hold, control, and manage all properties.
Thomas Edison
Improved lightbulbs and made the phonograph.
Nikola Tesla
electricity
“Chain Store”
think walmart