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33 Cards in this Set
- Front
- Back
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Bessemer Process
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A process that could produce mor steel
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Edwin L. Drake
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One of the first successful attempts at oil drilling for industrial purposes
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Elijah McCoy
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in vented a lubricating cup that fed oil to parts of a machine while it was running
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Patent
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basically a copyright protection, it made it illegal to copy someones work without acknowledging them as the true creators
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Transcontinental Train
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a railroad that spans an entire continent
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George Westinghouse
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developed the compressed air brake
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telegraph
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the first device to use electricity to deliver communications
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Alexander Graham Bell
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The inventor of the telephone
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Thomas Alva Edison
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"Wizard of Menlo Park", held over 1,000 patents by 1931
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Lewis Latimer
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Testified in court in support of Edison's patents
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Capitalism
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private businesses run most industries and competition determines price of goods and wage of workers
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Horatio Alger Jr.
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Published the Luck and Pluck series
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Free Enterprise
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A business plan where the gov. is not interfering with the business
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Communism
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Individual ownership of property is not allowed
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Social Darwinism
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Suggested that society progressed through natural competition
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Corporation
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organizers raise money by selling shares of stock, or certificates of ownership, for the company
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Andrew Carnegie
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An owner of a large steel corporation, came up with vertical integration
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Trust
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a group of companies give control of their stocks over to a common board of trustees who then the companies as a single enterprise
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Monopoly
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when a trust gains exclusive control of an industry
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Vertical Integration
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acquiring the companies that make the raw materials for your company
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John D. Rockefeller
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Was like the Carnegie of oil
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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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Cornelius Vanderbilt
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controlled a large amount of the railroads on the eastern coast
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George Pullman
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Designed luxury train cars
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Sherman Antitrust Act
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outlawed all monopolies and trusts that disrupted trade
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Knights of Labor
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A much more successful early national union
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Terence V. Powderly
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First female leader of the knights of labor
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Marry Harris Jones
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played a prominent role in the Knights of Labor
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Great Upheaval
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intense strikes and violent labor confrontations
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Haymarket Riot
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Most notorious violent strike
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Anarchists
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people who oppose all forms of gov.
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American Federation of labor
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founded by Samuel Gompers in 1886
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Eugene V. Debs
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head of the American Railway Union, supported the Pullman strikers
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