Big Business
This was a law that was passed to try to stop trusts and monopolies.
What is the Sherman Antitrust Act?
To make cars faster, Henry Ford invented this system.
What is the assembly line?
He made money in mining, railroads and founded one of the greatest universities in America.
Who is Leland Stanford?
This was the name of Henry Ford's mass produced vehicle.
What is the Model T?
This refers to a business that completely controls an entire industry.
What is a monopoly?
This was invented by Orville and Wilbur Wright.
What is the airplane?
He was the great leader of the Steel industry and gave significant amounts of money to charity.
Who is Andrew Carnegie?
This is the state where Edison's labs were located.
What is New Jersey?
This method of building a big business involves buying all of your competitors.
What is horizontal integration?
In the 1860s, this was used to communicate coast to coast and from America to Europe.
What is a telegraph?
He was a Scottish born speech teacher who invented the talking telegraph (aka phone).
Who is Alexander Graham Bell?
This is the state where the Wright brothers tested their "invention".
What is North Carolina?
This method of growing a big business involved controlling all steps in the process of production.
What is vertical integration?
This was a fuel that was invented and could be used for heating and cooking.
What is kerosene?
Thomas Edison obtained many of these documents in order to protect his inventions.
What are patents?
This is a legal agreement grouping a number of companies together under a single board of directors.
What is a trust?
In order to become a corporation, a business must start doing this.
What is selling shares?
This was a process that greatly increased steel production.
What is the Bessemer Process?
He was the creator of Standard Oil and dominated the oil industry.
Who is John D. Rockefeller?
This is the belief in "survival of the fittest", that the best in business will succeed.
What is social darwinism?