Industrial America Flashcards

1
Q

transatlantic telegraph cable connection established by. U.S & Europe

A

1866

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2
Q

Typewriters invented

A

1868

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3
Q

Carbon paper

A

1872

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4
Q

adding machines

A

1891

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5
Q

mimeograph machines

A

1892

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6
Q

skyscrapers in Chicago 7 New York are built w/structural steel & elevators

A

1880’s

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7
Q

55 cities offer local telephone service & cater to 50,000 customers

A

1880

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8
Q

Alexander Graham Bell established the American Telephone & Telegraph Company (AT&T)

A

1885

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9
Q

1.5 million telephones in operation

A

1859

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10
Q

New drilling technique allows petro to be mined

A

1859

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11
Q

New distilling technique of transforming crude oil into lucrative by-products.

A

Cracking

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12
Q

Who invents air brakes & automatic coupling devices to attach train cars?

A

Elijah McCoy

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13
Q

New South

A

An effort to industrialize the Civil War era South in the same way the North had been industrialized

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14
Q

Convict Lease System

A

Black prisoners were hired out to private companies & worked to take time off their sentences.

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15
Q

Vertical Integration

A

A network of firms, each contributing to the final product

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16
Q

Horizontal Integration

A

Gaining greater control over the market by acquiring firms that sell the same products

17
Q

Corporation

A

Provided investors w/“limited liability

18
Q

Trust

A

Monopoly formed by a small group of leading stockholders from several firms who manage the consolidated enterprise

19
Q

Social Darwinism

A

the theory that individuals, groups, and peoples are subject to the same Darwinian laws of natural selection as plants and animals

20
Q

The Gospel of Wealth

A

The rich should act as stewards of the wealth they earned, they should administer their surplus income for the benefit of the community.

21
Q
A