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Question | Answer |
---|---|
Bessemer Process | removed impurity from steel |
Steel was used to build | bridges, railroads, and skyscrapers |
Vertical Integration | When one company owns all the parts of a process |
Horizontal Integration | When one company owns all of the producers of a product |
Holding Companies | bought majorities in many competing companies |
Interlocking Directorates | the same board of directors is in control of various companies |
Social Darwinism: | the idea that the best company would survive |
Gospel of Wealth | the idea it was the responsibility to give money to the poor |
Andrew Carnegie | Owned steel |
Cornelius Vanderbilt | Railroading |
J.P. Morgan | banker |
John D. Rockefeller | Liquid Assets |