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Published on Nov 18, 2015
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1.
EDWIN L DRAKE
Successfully used a steam engine to drill for oil, created oil boom
2.
BESSEMER PROCESS
Injected air into steel, which created a more flexible,lighter, and rust resistant metal
3.
THOMAS ALVA EDISON
Established the 1st research laboratory in NJ,perfected the incandescent light bulb
4.
Christopher SHOLES
Invented typewriter
5.
ALEXANDER G BELL
Invented the telephone with Thomas Watson
6.
TRANSCONTINENTAL RAILROAD
180,000 miles of track
7.
GEORGE M PULLMAN
Built factories on Illinois prairie, factories built sleepers and railroad cars
8.
CRÉDIT MOBILIER
Big scheme, construction company pocketed 3x normal amount given by stockholders
9.
INTERSTATE COMMERCE ACT
Reestablished right of fed gov to supervise railroad activities, and the ICC
10.
ANDREW CARNEGLE
1st industrial mogul to create his own fortune through stock
11.
VERTICAL INTEGRATION
Bought out supplies, in order to control raw materials and transportation systems
12.
HORIZONTAL INTEGRATION
Buying out competition, attempted to but out competing steel producers
13.
SOCIAL DARWINISM
Philosophy, based on Darwin's theory
14.
SHERMAN ANTITRUST ACT
Made illegal to form trust that interfered w/ free trade between states&other country
15.
JOHN D ROCKEFELLER
Established standard oil company, took different approach made trust mergers
Zack Masterson
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