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30 Cards in this Set
- Front
- Back
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Bessemer process
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Method of producing steel that was faster and cheaper
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Edwin L. Drake
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Used a steam engine to drill for oil
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Elijah McCoy
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Invented lubricating cup that supplied oil to machines
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Patent
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Guarantee that the inventor's rights will be protected
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Transcontinental Railroad
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Railroad that spanned the U.S.
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Truck Lines
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Major railroads
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George Westinghouse
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Invented an air-brake for trains
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Telegraph
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Used Morse code to transmit communication
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Alexander Graham Bell
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Inventor of the telephone
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Lewis Latimer
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Thomas Edison's assistant that made many of Edison-credited inventions
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Capitalism
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Where private businesses run the economy
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Horatio Alger Jr.
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Published novels about individualism
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Free enterprise
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Where government doesn't interfere
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Communism
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Type of government where everything is owned by everyone
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Social Darwinism
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Only the strongest will survive
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Corporation
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Large business that holds stocks and shares
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Andrew Carnegie
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Man who made much money investing in steel
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Vertical integration
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Way to control costs by buying enterprises for materials
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John D. Rockefeller
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A founder of the Standard Oil Company, used similar course as Carnegie
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Horizontal integration
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One companies control of other companies material of the same product
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Cornelius Vanderbilt
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Investor in railroads
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George Pullman
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Designed and made rail cars
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Sherman Antitrust Act
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Outlawed monopolies and trusts that restrained trade
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Knights of Labor
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Early national union
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Terence V. Powderly
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Knights of Labor leader
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Great Upheaval
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Period of intense strikes
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Haymarket riot
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Violent strike
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Anarchists
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Political radicals
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AFL
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New union created after great upheaval
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Eugene V. Debs
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Head of American Railway Union
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