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30 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt
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Who: He was an American entrepreneur. He was also known as the Sobriquet Commodore. He owed his wealth to shipping and railroads.
When: May 27 1794- Jan 1877 Sig: He was one of the richest Americans in US history. |
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New York Central Railroad
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What: It was known as the New York Central. It operated in the Northeastern United States. It served most of the Northeast.
When: March 17, 1853 Sig; It connected greater New York and Boston in the east with Chicago and St. Louis in the mid-west. |
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Federal land Grants 1865-1900
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What: Network of railroads that crosses the continental land mass with different oceans and continental borders.
When: Sig: Helped open up unpopulated interior region of the continents to exploration and settlement. Also, helped to new transportation networks. |
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Transcontinental Railroad
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Jay Gould
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Who: He was an American railroad developer and speculator. He earned most of his fortune in the steel industry.
When: May 27, 1836-Dec 2, 1892 Sig: He is referred as the robber baron. He was also one of the richest American in history. He also founded the Carnegie Steel Company. |
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Panic of 1893
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What: It was a serious economic depression in the United States. It was marked by he collapse of railroad overbuilding and shaky railroad financing.
When: 1873 Sig: It is considered as the worst depression in the United States had ever experienced. |
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J.P. Morgan
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Who: He was an American financier, banker and art collector.
When: April 1837 to March 1913. Sig: He dominated corporate finance and industrial consolidation. Invested in many large corporations. He also directed the banking coalition that stopped the Panic of 1907. |
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Bessemer Process
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What: It was the first inexpensive industrial process for the mass-production of steel from molten pig iron. It was invented by Henry Bessemer.
When: In 1855 Sig: It was used outside of Europe for hundreds of years, but not on an industrial scale. |
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Andrew Carnegie
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Who: He was an Scottish-American industrialist, businessman, entrepreneur and philanthropist.
When: November 25, 1835-August 11, 1919 Sig: He built Carnegie Hall and was interested in education. |
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Vertical Integration
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What: It was introduced by Andrew Carnegie. It was a method to avoid hold-up problem. Integrated companies are united through a common owner.
When: Nineteenth century Sig: This led other businesspeople to use the system to promote better financial growth and efficiency in their businesses. |
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US Steel
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John D. Rockefeller
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Standard Oil Trust
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Horizontal Integration
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Anti Trust Movement
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Sherman Antitrust Act 1890
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United States v. E.C. Knight
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Laissez-Faire Capitalism
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Adam Smith
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Gospel of Wealth
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Transatlantic Cable
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Alexander Graham Bell
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Sear Roebuck
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Horatio Alger
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Railroad Strike of 1877
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National Labor Union
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Knights of Labor
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Terence V. Powderly
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Haymarket Bombing
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American Federation of Labor
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