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8 Cards in this Set
- Front
- Back
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James B. Duke
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American Tobacco Company, controlled 9/10 of nation's cigarette production
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Railroad land grants
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millions of acres of land given as incentive to expand
union pacific central pacific, trains met in Utah |
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Pacific Railway Bill
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Authorized a line along a north-central route, to be built jointly by the Union Pacfic railroad and the central pacific railroad
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John D Rockefeller
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oil, monopoly, Standard Oil Company
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Standard Oil company
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cut out the middleman, vertical integration, kept own money to cut out banks, owned pipelines that transported his oil, owned truckes that delivered it, railcars
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Trust
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Companies combined to control competiton
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Andrew Carnegie
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Steel
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"Gospel of Wealth"
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Carnegie's book, said that the contrast between the millionare and the laborer measures the distance society has to come.
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