A | B |
Edwin L Drake | drilled the first oil well in Titusville, PA |
Christopher Sholes | invented the typewriter |
Alexander Graham Bell | invented the telephone |
Thomas A. Edison | invented the light bulb, an electric generation system and the movie camera |
Henry Bessemer | developed an efficient method of making high quality steel |
Oliver Kelly | founder of the Grange |
Credit Mobilier | front company used to steal money from railroads |
JP Morgan | banker who created US Steel as a holding company |
Promontory Point, Utah | place where the transcontinental railroad was completed with the golden spike |
Munn v. Illinois | gave states the right to regulate railroads |
Interstate Commerce Act | gave the Federal government the sole right to regulate railroads |
trust | corporation made up of companies seeking to fix prices |
Mary Harris Jones | "Mother" Jones- union organizer |
monopoly | a market in which one company contols prices, wages, production and quality |
Industrial Workers of the World | the wobblies, an industrial union organized in Chicago by radicals and socialists |
holding company | a corporation that does nothing but buy out the stock of other companies |
Social Darwinism | theory that justified the efforts of robber barons and discouraged government interference in business |
Andrew Carnegie | robber baron who made his money in steel |
vertical integration | process by which a company buys up all its suppliers |
Eugene V. Debs | socialist organizer of the Pullman Strike who also ran for President in 1912 |
Sherman Antitrust Act | law which made trusts illegal |
American Federation of Labor | focused on collective bargaining as a major tactic, a skilled workers union |
James B. Duke | robber baron who made his money in tobacco |
JP Morgan | robber baron who made money in banking and investing |
John D. Rockefeller | founder of Standard Oil, robber baron, the first billionaire |
horizontal integration | when a business buys or merges with competitors |
George Pullman | built a town in Illinois for his rail car factory |