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USH II - Chapter 17
Question | Answer |
---|---|
Abundant raw material; technological innovation | Industrial growth |
first commercial use for telephones | Alexander Graham Bell |
Among greatest inventors in history | Thomas A. Edison |
1,093 patents | Thomas A. Edison |
Steel purification method that injected air into the steel | Bessemer-Kelly Method |
Abram Hewitt | Open-Hearth Method |
steel purifying method from EU | Open Hearth Method |
first oil well | Edwin L. Drake |
Titusville, PA - 1859 | Edwin L. Drake |
first heavier than air plane to fly and survive - | Wright Brothers |
Flyer One | first plane |
Kitty Hawk, North Carolina | Location of first flight |
First American gasoline driven motor vehicle | Charles and Frank Duryea |
Father of scientific management | Fredrick Winslow Taylor |
Tried to help companies increase efficiency | Fredrick Winslow Taylor |
built first of his famous cars, 1914 | Henry Ford |
assembly line system | Henry Ford |
Railroad tycoons | Cornelius Vanderbilt Collis P. Huntington James J. Hill |
Railroad tycoons | Cornelius Vanderbilt |
Railroad tycoon | Collis P. Huntington |
Railroad tycoon | James J. Hill |
Father of the Modern Steel Industry | Andrew Carnegie |
US Steel | Andrew Carnegie; J. Pierpont Morgan |
Combining a number of firms doing the same thing | Horizontal Integration |
Buying things that your company needs | Vertical Integration |
Wealthiest business tycoon | John D. Rockefeller |
Business tried to control competition and reduce instability by concentrating their economic power | Consolidation |
cartels; agreements between companies to stabilize rates and divide markets | Pools |
transferring stock to smaller shares (trustees) for protection | Trusts |
central corporate bodies buy up the stock of various members of a trust and establish direct ownership | Holding companies |
"survival of the fittest" applies to businesses | Social Darwinism |
English philosopher; chief proponent for Social Darwinism | Herbert Spencer |
American supporter of Spencer's ideas | William G. Sumner |
"Anchors of Diamonds" | Russell H. Conwell |
rags to riches story | Horatio Alger |
believed the government should be involved in the planning of the good for society | Lester F. Ward |
blamed poverty on the greed of the wealthy | Henry George |
Looking Backward | Edward Bellamy |
manipulation of prices; boom bust economy inequality | Problems of monopoly |
25 million between so many years | Immigrants |
William H. Sylvis attempted to unite various labor unions | National Labor Union |
Uriah Stephens grew to over 7,000 members | Knights of Labor |
Samuel Gonkers attempt to put skilled works in unions | American Federation of Labor |
Chicago - McCormick Harvester Company | Haymarket Square Incident |
Carnegie Steel Plant, PA; lasted four months; National Guard sent in to end it | Homestead Strike, 1892 |
Pullman Railroad Car ; | Pullman Strike, 1894 |
Eugene V. Debs | |
Sources of labor weakness |