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Growth of Business & Industry

Chapter 20

AB
Alexander Graham Bellinvented the telephone
Sherman Anti Trust Actmade monopolies & trusts illegal
England1st industrialized country
Vanderbiltcontrolled the railroad industry
Bessemer Processmade it possible to build skyscrapers
Industrial Revolutionchange to amking products by machines
sharesstocks
laissez-fairegovernment should not control business
capitalismpeople can keep profits from business
Gilded Agefew made lots of $/most struggled
Interstate Commerce ActRailroads must charge fair rates b/w states
Interstate commerce Commissiongovernment commission to stop unfair railroad rates
trustgroup of corporations
partnershipowners are responsible for debts
corporationcan sell shares of stock
Thomas Edisoninvented the light bulb


Mrs. Nguyen

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