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Business People
Famous People in the History of American Business
| Question | Answer |
|---|---|
| English supervisor of machinery in a textile factory in England who took the plans for the factory and founded the first permanent mill in America for spinning cotton ino yarn, thus founding the cotton textile industry in America | Samuel Slater |
| Inventor of the steamship, he obtained a monopoly on the ferry service on the Hudson River | Robert Fulton |
| Founded textile factories that hired mostly young girls and established a mill town where the girl lived | Francis C. Lowell |
| Inventor of interchangeable parts, which led to the mass production; also invented the cotton gin | Eli Whitney |
| Patented the mechanical reaper which lessened the work of western farmers | Cyrus McCormick |
| Started out as a bobbin boy and telegraph messenger, then worked for the Pennsylvania Railroad before turning to steel manufacturing; he sold his company to J. P. Morgan and used the money to fund more than 2,800 libraries and other philanthropies; espous | Andrew Carnegie |
| Regarded as the financier of the Revolution for his role in raising money for the war effort; was the superintendent of finance in the Confederate government | Robert Morris |
| Founder of the Standard Oil Trust, creating the horizontal corporation, whose goal was to control a single product; later this was declared unconstitutional; after his retirement he gave much of his money to philanthropic enterprises | John D. Rockefeller American inventor of the light bulb, sound recording and motion picture projector |
| American Railroad magnate; started the Central Pacific Railroad Company and the Southern Pacific Railroad Company; also served as governor of California | Leland Stanford |
| Originally made his money in a steamship line and then went on to make more in railroads | Cornelius Vanderbilt |
| Along with others like Rockefeller and Vanderbilt, he was called a "robber baron;" involved in railroad reorganization and US Steel; several times the government turned to him for help during a depression | J. P. Morgan |
| Developed a technique for refrigerating food in order to ship it across country and overseas | Gustavus Swift |
| A tobacco industrialist who, with partners, created the American Tobacco Company, which dominated the market although it was later broken up under the Sherman Antitrust Act | James B. Duke |
| Advocated integrating scientific management with business and time and motion studies to maximize productivity | Frederick W. Taylor |
Created by:
betsynewmark