Inventions
This part made a network of rails possible
gauge
group of corporations run by a single board of directors
Trust
This process allowed steel to be made at a cheaper price
Bessemer Process
President of the Knights of Labor
Terrence Powderly
Secret discounts given to big customers
Rebates
Cyrus Field's accomplishment
Trans Atlantic Cable
system of connected elements, such as rail lines or phone carriers
network
As jobs with machines started to go up, jobs for __________ started to go down.
people
President of the American Federation of Labor
Samuel Gompers
Henry Ford's invention
Assembly Line
This group first recognized a practical use for the Wright bros invention
US Military
license for a new invention
patent
John Rockefeller used this tactic to strengthen Standard Oil
forced railroads to give him rebates
Railroad owners forced farmers to start and join this political party
Populist party
Give one reason why trusts benefit the economy
Lowered production costs;
increased wages
Name 3 inventions from Thomas Edison
phonograph, electric power plant, motion picture projector
when a single company controls a business or industry
monopoly
This is when a business divides a region up for business
pool
This event led to the creation of safety laws and protection of workers in the industry
Triangle Shirtwaist Factory
Give one reason why trusts hurt the free enterprise system
made it difficult for new companies to compete
feared political power and no need to improve productGeorge Westinghouse created this...
Air brake
This happens when you own ALL aspects/ levels of the business and distribution
Vertical Integration
This financier paid for his own railroad.
James Hill
This was created by women clothing workers - it was the largest union of its kind in 1900
International Ladies Garment Workers Union
Andrew Carnegie's philosophy of giving back to the community was called...
Gospel of Wealth