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SS industry Vocab

Industry Chapter.

What does STANDARDIZE mean? , means to use the same of something, to make something more basic.
What is verticle integration? is when there are different kinds of companies. (Head, shoulders, knees, and toes. All different)
What is horizontal integration? is all the same companies in a chain. (like Walmart.)
What is a stockholder? is a person who own shares or investments in a company.
What is a capital? is money used for increased expenses.
Who is J. Piermont Morgan? He used banking profits to gain control of major corporations. Between 1894 and 1898, Morgan gained control of most of the nations major raillines. He bought Carnigie Steel, and combined it to many other steel companies.
Who is Cornelius Vanderbuilt? He was the most powerful RR Baron. Bought up most of the lines between Chicago and Buffalo.
Who is George Westinghouse? airbrake
Who is Gustavus Swift? refrigeration
Who is George Eastman? Introduced the Kodak Camera
Created by: greeniejeans



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