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new bussiness


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
Created by: melody harmon