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22 Cards in this Set
- Front
- Back
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Jay Gould |
know for manipulating stock prices |
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Eugene V. Debs |
head of the American Railway Union |
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John Rockefuller |
operated standard oil |
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Thomas Edison |
set up a research laboratory at Menlo Park, NJ |
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Cornelius Vanderbilt |
began the first direct rail service between NYC and Chicago |
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Andrew Carnegie |
founded of a steel company in Pittsburgh |
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Karl Marx |
saw capitalism as a struggle between workers and owners |
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Samuel Gompers |
head of the American Federation of Labor |
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Edwin Drake |
drilled the first oil well |
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loans, mortgages, and taxes |
fixed costs |
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air brakes |
enabled longer and heavier trains |
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trade union |
Iron Molders' International Union, for example |
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trust |
manages property for others |
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holding company |
owns stock in companies that produce goods |
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Pacific Railway Act |
began the railroad boom |
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automatic loom |
changed bobbins without stopping |
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industrial union |
represented all workers in a particular industry |
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operating costs |
wages, shipping charges, and supplies |
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entrepreneur |
a person who risks capital to organize and run a business |
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Grenville Dodge |
engineer who directed the westward growth of the Union Pacific Railroad |
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deflation |
a rise in the value of money |
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stock |
shares of ownership in a company |
