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34 Cards in this Set
- Front
- Back
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Patent
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Protected the righs of the inventor to make, use, sell and produce the invention
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Transcontinantal railroad
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The first railroad to stretch from the east coast to the west coast
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Trunk lines
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Major railroads
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Telegraph
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Samual Morse invented the telegraph as a way to communicate over long distances with wires and electricity
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Bessemer process
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A method of producing steel that could put out more steel in a day than older techniques could in a week
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Edwin L. Drake
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Used a steam engine to drill an oil well in Pennsylvania in 1859
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Elijah McCoy
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Made a lubricating cup that fed oil to machines while they were running
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George Westinghouse
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Developed the compressed air brake which greatly improved train safety
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Alexander Graham Bell
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Patented the telephone in 1876
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Thomas Alva Edison
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Created the phongraph and the light bulb and had over 1,000 patents
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Lewis Latimer
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A skilled draftsman who supported Edison and made significant contributions to Edison's inventions
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Capitalism
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Competition determines how much goods cost and workers are paid
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Free enterprise
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The idea that the economy should not have any government regulations
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Communism
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Proposes that the individual ownership of property should not be allowed
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Corporation
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A form of a company that requires more than one person at more than one position in a large business
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Trust
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A group of companies that turn control of their stock over to a group of trustees
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Monopoly
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Little or no competition a company souly controls prices and quality
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Vertical integration
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Owning the companies that you need to produce product from raw material to finished product
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Horizantal integration
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Using vertical integration then buying the businesses that you run out of business
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Horatio Alger Jr.
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Published a popular series of novels about the growing importance placed on individulism
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Andrew Carnegie
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A steel baron that made millions by using vertical integrationihis company
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Social Darwinism
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Those who were business savvy would thrive
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John D. Rockefeller
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The founder of Standard oil company, is still considered the richest man in history
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Cornelius Vanderbilt
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Controlled over 4,500 miles of track between New York and Chicago
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George Pullman
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Designed railroad cars that made travel more luxerious and comfortable
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Anarchists
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People who oppose all forms of government
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Sherman antitrust act
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Outlawed monopolies ant regulated trade
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Knights of labor
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Philedelphia garment workers a more successful early national union
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Terence V. Powderly
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An Irish catholic that became leader of the knights of labor and under his leadership membership expanded rapidly
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Mary Harris Jones
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After her husband and children were killed in a yellow fever epidemic she devoted her life to the cause of workers unions
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Great Upheavel
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1886 the nation experianced a year of violent strikes that became known as the great upheaval
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Haymarket Riot
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Many riots and strikes turned violent as employees clashed with the police one of the most notorious riots was the Haymarket Riot
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American Federation of Labor
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A new union that was formed by Samual Gompers in 1886 that focused on the advanced interest of skilled workers
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Eugene V. Debs
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Supported the Pullman strikes
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