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34 Cards in this Set
- Front
- Back
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Bessemer process
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this method could produce more steel in one day than the older techniques could turn out in one week
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Edwin L. Drake
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used a steam engine to drill for oil near Titusville, Pennsylvania
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Elijah McCoy
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made a significant contribution to the industrial use of oil
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patent
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a guarantee to protect an inventor's rights to make, use, or sell the invention
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Transcontinental railroad
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a big project completed in 1869
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Trunk Lines
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major railroads
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George Westinghouse
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developed a compressed air tank
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Telegraph
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one of the most significant advances in communications in the 1800's.
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Alexander Graham Bell
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invented the talking telegraph
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Thomas Alva Edison
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another pioneer of communications technology
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Lewis Latimer
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Edison's assistant
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capitalism
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an economic system in which the us ran by
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Horatio Alger Jr.
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published a popular series of novels that reflected the increasing importance placed on individualism.
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free enterprise
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a business left free from government regulation.
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Social Darwinsm
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Buisiness leaders who began to embrace the an emerging theory
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corporation
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A form of business that some leaders turned to.
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Andrew Carnegie
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urged them to invest in stocks as he did.
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Monopoly
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a trust that gains exclusive control of an industry
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vertical integration
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the control costs so carnegie urged this as well
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John D. Rockefeller
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one founder of the Standard oil company
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horizontal integration
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one companys control of other companies producing
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Cornelius Vanderbilt
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a pioneer of the railroad industry
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George pullman
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on of the most successful railroad giants.
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Sherman Antitrust Act
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which outlawed all monopolies and trusts the restrained trade
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Knights of Labor
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a more succesful early notional union
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Terence V. Powderly
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an Irish Catholic machinist and the mayor of Scranton
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Mary Harris Jones
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Played prominent roles in the union
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Great Upheaval
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Labor confrontations became known as this
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Haymarket Riot
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Perhaps the notorious of these confrontations
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anarchists
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people who oppose all forms of government
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American Federation of Labor
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a new union founded by Samuel Gompers in 1886.
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Eugene V. Debs
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supported to pullman strikers.
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Thomas Alva Edison
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Another pioneer of communications technology
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Communism
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Proposes that individual ownership of property should not be allowed.
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