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Industrialization
Term | Definition |
---|---|
Henry Bessemer | developed a process to make steel stronger and more affordable. Can make more steel |
Andrew Carnegie | 1870-starts to make steel in Pittsburgh, PA. Goal is to make steel as affordable as possible. Did this by controlling all steps in the steel making process. By 1900, US provided more steel then any other country- monopoly. |
John D. Rockefeller | built his first oil refinery in Cleveland, OH in 1863 by 1890 his Standard oil Co. Controlled 90% of the oil industry |