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Big Business Vocab

TermDefinition
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
Created by: 00036903