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US History Chap 5/6
People
Question | Answer |
---|---|
John D. Rockefeller | he used vertical integration to make his company--Standard Oil-- more competitive. |
Andrew Carnegie | immigrated to the U.S. from Scotland and established some of the first monopolies in the U.S. Steel Works. Believed in Free Market economy |
Thomas Edison | One of the most prolific inventors in U.S. history. He invented the phonograph, light bulb, electric battery, mimeograph and moving picture. |
Henry Bessemer (Bessemer Process) | Invented a converter to blast air through through iron and thus burning the excess carbon and impurities |
JP Morgan | He was a banker who financed the reorganization of railroads, insurance companies, and banks. He bought out Carnegie and in 1901 he started the United States Steel Corporation |