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10 Cards in this Set

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Industrial Revolution

A major change in an economy marked by the introduction of power driven machines

A change in the entire process of production of manufactured goods

Natural resources

Raw materials supplied by Nature that come from the earth the water or the air and are used to produce Goods

Materials that come from nature

Factory system

A system of manufacturing in which all the materials machinery and workers are required to manufacture a product assembled in one place

One place where things are produced

Transportation

Any method of getting to one place to another including cars railroad steam ships Bridges and canals

Cars railroad steam ships Bridges and canals

Transcontinental Railroad

A railroad connecting the West and East coasts of the United States

Railroad west east coast

Craftsman

Skilled worker

Andrew Carnegie

Is scottish-born American industrialist and a philanthropist who founded the Carnegie Street company in 1892 by 1901 his company dominated the American steel industry

Domination steel industry Monopoly

Thomas Edison

An American inventor best known for inventing the light

Light bulb

John D Rockefeller

An American industrialist that founded the Standard Oil Company at one point you control 90% of the oil business one of the largest monopolies in history

Oil big Monopoly

JP Morgan

The highly successful Banker who created JP Morgan Banking and investment firm bought u.s. steel from Andrew Carnegie and made it into an even larger Corporation

Banker bought Steel company from Carnegie