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Exapansion of American Industry

This review will overview important facts about the expansion of American Industry in the late 1800's.

AB
patentslicences to make, use or sell an invention
productivitythe amount of goods or services created in a given period
Samuel Morseperfected the telegraph and its messaging system
Intercontinental Railroadcreated time zones
Henry Bessemer and William Kellydeveloped a new process for making steel
mass productionproduction in great amounts
Washington Roeblingcredited for building the Brooklyn Bridge
Robber Baronsmake a fortune from stealing from the public
Captains of Industryserved their nations in a positive way
social Darwinismidea of survival of the fittest
monopolycomplete control of a product or service
cartelloose association of buisnesses that make the same product
Edwin Drakefirst to strike oil through a well
trustcompanies managed as a single entity
horizontal consolidationbringing together companies that were in the same buisness
vertical consolidationgaining control of many different buisnesses that make up all phases of a product's development
pieceworkpersons who work the fastest and produce the most get paid the most
division of labormost often seen in the factory where different components of a product is produced by different people
Socialismfavors public control of property and income
Scabsreplacement workers


Social Studies
Hillcrest Middle School

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