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34 Cards in this Set
- Front
- Back
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Bessemer Process
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It was a method of steel making that burned off the impurities in molten iron with a blast of hot air.
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Edwin L. Drake
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He used a steam engine to drill for oil near Titusville, Penn, in 1859
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Elijah McCoy
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He mad 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 railroad that went from Omaha to the pacific ocean.
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Trunk Lines
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Major railroads.
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George Westinghouse
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He developed a compressed-air brake.
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The Telegraph
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Developed by Samuel F. B. Morse it was a means of communicating over wires with electricity.
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Alexander Graham Bell
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He invented the telephone.
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Thomas Alva Edison
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He was an inventor, aka, the wizard of menlo park.
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Lewis Latimer
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Edison assistant who was also a skilled draft smith.
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Capitalism
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An economic system where private businesses run most industries and competition determines how much goods cost and workers are paid.
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Horatio Alger Jr.
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He published a popular series of novels that reflected the increasing importance placed on individualism.
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Free enterprise
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The idea that the economy would prosper if businesses were left free from government regulation and allowed to compete in a free market.
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Communism
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The theory that proposes that individual owner ship of property should not be allowed.
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Social Darwinism
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The theory that society progresses through natural competition.
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Corporation
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In a corporation organizers raise money by selling shares of stock, or certificates of ownership, in the company.
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Andrew Carnegie
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A steel baron who urged investments of stock to a group of young men.
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Trust
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A group of companies turn control of their stock over to a common board of trusties.
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Monopoly
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A trust gains exclusive control of an industry.
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Vertical Integration
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When companies are acquired that provide the materials and services upon which enterprises are built.
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John D. Rockefeller
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A tycoon who was one of the founders of the Standard Oil Company.
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Horizontal Integration
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One company in control of other companies producing the same product.
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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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One of the most successful railroad giants who designed and manufactured railroad cars that made long-distance rail travel more comfortable.
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Sherman Antitrust Act
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It outlawed all monopolies and trusts that restrained trade.
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Knights of Labor
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Led by Uriah Stephens it was nine garment workers who were one of the more successful early national unions.
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Terence V. Powderly
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an Irish Catholic machinist who lead the Knights of Labor.
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Mary Harris Jones
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She was a leader of the labor movement who led strikes marches and demonstrations.
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Great Upheaval
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A period of intense strikes and violent labor 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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It organized independent craft unions into a group that worked to advance the interest of skilled workers.
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Eugene V. Debs
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The head of the American Railway Union who supported the Pullman strikers.
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Horizontal Integration
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One company's control of other companies producing the same product.
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