Industrtialzation And Gilded Age Flashcards ⚡️
What is the bessemer process and who brought it to america?
-A convient way to mass produce steel
-Andrew Carnegie
Three natural resources
Coal- mixed with iron to make steel and power steam engines
Oil- to make machines run
Iron- mixed with coal to make steel
Who had an oil buisness that became popular because of demand for kerosene
Edwin L Drake
Human Resources
Farmers
Former slaves
Immigrants
Christopher Latham sholes
Typewriter
Alaxedner graham bell
Telephone
Telegraph
Samuel morse
Refrigerated rail car
Gustavus swift
George Westinghouse
Air break
Airplane
Wright brothers
Mass produce cars and assembly line
Henry ford
Light bulb
Thomas Edison
Monopoly
No substitute for something, controlling that field
Trust
Cooperations run by a board of directors
Robber baron
People who used unethical buisness practices
Captain of industry
People who deserved Their money and donated
Vertical integration
In charge of everything
Horzontial integration
Merging businesses
Sherman anti trust act
Made monopoly illegal
Social Darwinism
Survival of the fittest in business
Lassiez faire
Gov can not intrude in businesses
Elijah McCoy
First AA to get a patent
True or false
Rockefeller hired spies to spry on other businesses
True!!
Huratio aljere
Rags to riches