Industrial Revolution Flashcards
1
Q
Edwin Drake
A
Oil Drill: Made production of oil faster and more efficent
2
Q
Thomas Edison
A
Light Bulb
Made lighting easier and more accessible; longer workdays
3
Q
George Westinghouse
A
Alternating Currents:
Made light available to rural areas
4
Q
Alexander Graham Bell
A
Telephone:
Allowed more communication around country
5
Q
Transcontinental Railroad
A
Connected the country and allowed for trade throughout the nation
6
Q
William Kelly
A
Bessemer Process:
Allowed for faster and cheaper production of steel
7
Q
US Steel
A
-Vertical
Consolidation
- Buy up all phases of production to cut out middle man
- McDonald’s buys up chicken farms, cows, wheat fields, and Oreo Company
8
Q
Standard Oil Company
A
- Horizontal Consolidation
- Control all companies in the same industry
- McDonald’s works with Hardee’s, Wendy’s, and Burger King to keep prices the same
9
Q
Banker
A
- Interlocking Directorates
- Put members of company in every branch of business
- The managers of all fast food businesses work for McDonald’s corporation
