1 of 15

Slide Notes

DownloadGo Live

Flash cards

Published on Nov 18, 2015

No Description

PRESENTATION OUTLINE

EDWIN L DRAKE

Successfully used a steam engine to drill for oil, created oil boom

BESSEMER PROCESS

Injected air into steel, which created a more flexible,lighter, and rust resistant metal

THOMAS ALVA EDISON

Established the 1st research laboratory in NJ,perfected the incandescent light bulb

Christopher SHOLES

Invented typewriter

ALEXANDER G BELL

Invented the telephone with Thomas Watson

TRANSCONTINENTAL RAILROAD

180,000 miles of track

GEORGE M PULLMAN

Built factories on Illinois prairie, factories built sleepers and railroad cars

CRÉDIT MOBILIER

Big scheme, construction company pocketed 3x normal amount given by stockholders

INTERSTATE COMMERCE ACT

Reestablished right of fed gov to supervise railroad activities, and the ICC

ANDREW CARNEGLE

1st industrial mogul to create his own fortune through stock

VERTICAL INTEGRATION

Bought out supplies, in order to control raw materials and transportation systems

HORIZONTAL INTEGRATION

Buying out competition, attempted to but out competing steel producers

SOCIAL DARWINISM

Philosophy, based on Darwin's theory

SHERMAN ANTITRUST ACT

Made illegal to form trust that interfered w/ free trade between states&other country

JOHN D ROCKEFELLER

Established standard oil company, took different approach made trust mergers