| A | B |
|---|
| Samuel Morse | telegraph |
| Cyrus Field | Underwater telegraph cable |
| Alexander Graham Bell | Telephone |
| Thomas Edison | electric light |
| Westinghouse and Stanley | generator |
| Henry Bessemer | process for making steel stronger |
| Rebates | secret discounts off the public price |
| Credit Mobilier | lay track and two or three times the cost |
| Cornelius Vanderbilt | New York Central |
| Social Darwinism | survival of the fittest in business |
| Philanthropy | giving money to charity |
| laissez faire | No goverment involvement |
| industrial grants | robber barons |
| John D. Rockerfeller | standard oil, horizontal integration |
| John D. Rockerfeller | sold products below cost, comptitors go out of business |
| John D. Rockerfeller | he buys their business and combines it with his own |
| Corporation | company by several people, limited liability, lose only what is invested, indefinite life, live after owner dies |
| Monoply | the one person controls the industry |
| trust | giant business combination |
| scabs | strikebreakers |
| black listings | not hired anywhere |
| Andrew Carnegie | US Steel and vertical integration: owned all means of production |
| JP Morgan | bougth businesses and improved them |
| James Duke | American tobacco |
