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Big Business Vocab
| Term | Definition |
|---|---|
| Henry Bessemer | developed a way to make steel stronger and more affordable |
| Andrew Carnegie | Makes steel in Pittsburg, Pa. he made steel using all the steps of the steel making process. By the 1900, Us provided more steel than any other country- monopoly. He became one of the richest men. |
| John D. Rockefeller | Built his oil refinery in clevland , OH in 1863. By 1890 his standard oil co. controlled 90% of the oil industry- monopoly. One of the richest men in the world. |
| George Westinghouse | Westing Electric Co- 1896. Developed AC (Alternating Current) for homes and businesses. the company still exists today. |
| Willam Randolph Hearst | Developed newspaper business by using BIG eye catching headlines , illustrations , and color. Owned most newspapers in the US by 1900- monopoly |
| Madame C.J Walker | 1906- bottled shampoo in her attic. Sold products door to door. First African American women to become a millionaire. |
| J.P Morgan | Wealthiest and most powerful banker in U.S during the Industrial Age . Invested in railroads, mining, steel |
| Natural Recourses | Amarica had a lot and helped industry grow. These are records that are from nature, not made by people. |
| Human Recourses | People who work to produce goods and services. |
| capital Recourses | Tools, machines, (money) that companies use to produce goods and services. |
| Monopoly | When one company has control over a whole industry |
| Sweat shops | hot, cramped workshops where many industrial workers had to do there work before labor reform |
| Lewis Hine | led the movement against child labor |
| labor union | organized groups working against child labor and working conditions. |
| Samuel Gompers | one of the early union leaders. Led the AFL |
| Strike | workers refuse to try to work to try to meet their demands. |
| Mary Harris Jones | Helped lead the United Miners in the epilation mountains. She was known for Mother Jones |
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