who is
who is Cornelius Vanderbilt
With his Grand Central Rail line, he came to control the railroad industry
what is a entrepreneur
a person who assembles and organizes the resources necessary to produce goods and services. They are willing and able to take the risks involved in starting and managing a business
who is Henry Bessemer
An English inventor, whose steelmaking process would become the most important technique for making steel in the nineteenth century for almost one century from year 1856 to 1950.
what is the Interstate Commerce Act of 1887
This law targeted interstate commerce as practiced by the railroad industry; the act required railroads to make shipping rates fair for all customers, banning the practice of giving lower rates to companies who shipped large amounts.
who is Andrew Carnegie
This person owned a company that built bridges for railroads and brought a new less expensive method of making steel to the United States and ended up producing a quarter of the nation's steel by 1900
what is Mass production
A manufacturing process that uses interchangeable parts and assembly lines making large quantities of identical goods
who is Thomas Edison
An inventor who had an invention factory in New Jersey and, with a team of workers, he set out new invention every week. He helped turn electricity into an everyday source of light and power.
who was Alexander Graham Bell
A Scottish immigrant who invented the telephone in 1876