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34 Cards in this Set
- Front
- Back
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patent
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exclusive right to manfacture or sell an invention
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transcontinental railroad
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railroak that crossed the continental united states
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trunk lines
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major railroads connected to outlying areas by feder or branch lines
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telegraph
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sent message over long distances by using electrical current to transmit dots over wire
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bessemer process
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effiecent method of making steal
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edwin L. Drake
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used a steam engine to drill for oil near pennsylvania
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elijah mccoy m
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made a significant contribution to the industrial use of oil
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george washinghouse
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made a large furtune in the railroad industry
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aleander graham bell
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invented the telegraph
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thomas awa edison
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telegraph could send up to 4 messages over the same wire simotaniously
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lewis latimer
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skilled draftsman
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capitalism
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economic system in which private business runes most industries
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free enterprise
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belief that economy will prosper if businesses are left free from goverment regulation
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communism
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polital theory that proposes that all people should own property and means of production
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social darwinism
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theory adaptred by philoopher herbert spencer argured that society progresses through competition
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corporation
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company that sells shares of ownership called stock to investors in order to rais money
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trust
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arrangement grouping several companies under a single board of directors to eliminate competiton
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monopoly
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exclusive economic control of an industry
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vertical integration
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ownership of business involved in each step of a manufacturing process
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horizontal integration
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ownership of several companies that make the same product
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horatio alger jr.
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published a popular series of novels that reflected increasing importance of individualism
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andrew carnegie
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urged oung men to invest in stocks as he had
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john d rokefeller
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one founder of the standard oil company
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conelious vanderbuilt
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pioneer of the railroad industry
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george pullman
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designed and manufactured railroad cars that made long distance travle more comfortable
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anarchists
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people who appose all forms of goverment
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shorman antitrust act
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law prohibiting monopolies and trust that restrained trade
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knights of labor
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one of the first national labor unions in the united states
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terence v powederly
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irish catholic anarchist and mayor of seranton pennsylvania
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mary hames jones
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played prominet roles in the union
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great upheavel
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year of intense labor strikes on vilent lavor confrontations in the us
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haymarket riot
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incident in which a bomb exploded during a labor protest held in haymarket square
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american federation of labor
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union founded in 1816 by samuel gompars for skilled workers
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eugene v. des
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supported the pullman strikers
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