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8 Cards in this Set
- Front
- Back
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Who was Edison? |
American inventor and businessman. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and the long-lasting, practical electric light bulb. |
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Who was Carnegie? |
Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He built a leadership role as a philanthropist for America and the British Empire. |
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Who was Bell? |
Alexander Graham Bell was a Scottish-born scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone. |
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What is consumerism? |
the preoccupation of society with the acquisition of consumer goods. |
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What is the Gilded Age? |
The late 19th century, from the 1870s to about 1900. The Gilded Age: which satirized an era of serious social problems masked by a thin gold gilding. |
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Describe Social Darwinism. |
1870s: apply biological concepts of natural selection and survival of the fittest to sociology and politics |
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Contrast vertical integration & horizontal integration monopolies. |
Vertical integration: business model, companies expand by gaining control of their entire supply chain. Horizontally integrates: it acquires or merges with other companies that do the same thing. |
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Define: National market |
Economic system made possible by transportation network in the United States |
