Inventor & Inventions Flashcards
George Pullman
Sleeping car
George Westinghouse
Air brake
Gustav swift
Refrigerated RR cars
Bessemer process
blow in hot air through molten pig iron to remove impurities in steel
Telegraph
Samuel Morse
Cyrus field
Transatlantic cable
Telephone
Alexander G Bell
Thomas Edison (4 inventions 1 innovation)
Light bulb
Phonograph
Motion picture
Electric power station
Improved battery
Nicola Tesla (immigrant)
AC
Edwin drake
Petroleum
Wright brothers
Air plane
Vertical integration
A company taking ownership of all stages of production (process)
Oil:
1) look/dig
2) drill/extract
3) store it
4) process “refine”
5)transport
6) sell/ store
7)advertise
Horizontal integration
1 stage
Oil:
1) Process “refine”
Trust
Business give up control, pooled
Monopoly
Complete control over good or market