Inventions
What did Thomas Edison invent?
The Light Bulb
What is a negative side affect of the 2nd Industrial Revolution?
United States was dominated by big business (Monopoly's)
Who invented the light bulb
Who is Lewis Lattimer
Multiple business join forces
What is a Trust?
Which describes the causes of the 2nd Industrial Revolution?
availability of natural resources, expansion of the labor force, and use of laissez-faire Policies
Who invented the Train/ Telegraph
Who is is Granville Woods
Which group of inventions were apart of the 2nd Industrial Revolution
Steel, airplane and telephone
Founder of largest oil company
Who is John D. Rockefeller?
One business buys out their competitors
What is a Monopoly?
An Economic ideology where all or most economic decisions are based on the free market
What is Capitalism
What did Garett Morgan Invent
Who invented the Gas Mask, Traffic Signal
Who is Garett Morgan
Four form of Business formed?
Trust, Monopoly's, Holding Companies and Corporations.
Floridan who created the Florida East Coast Railway
Who is Henry Flager
What is laissez faire
economic and political philosophy encompassing diverse economic and social systems characterized by social ownership of the means of production
What is socialism
Inventor of Hair Care Products, promoted self care and entrepreneurship in women
Who is Madam CJ Walker
What 3 things contributed to the start of the 2nd Industrial Revolution
Laissez- Faire
Expansion of Labor Force
Availability of natural resources
Millions of African Americans migrated from the south to the north
Which area of government policy was directly influenced by the monopolistic practices of captains of industry?
What are the Antitrust Laws
An economic ideology where the government makes all the decisions
What is Communism
Who invented the telephone
Alexander Bell
What was a direct result of the industrial revolution and Urbanization
Factory jobs grew and agriculture jobs declined
The movement of populations from rural to urban areas
What is urbanization
By guaranteeing an inventor exclusive rights to his or her invention
What is a patent system
Which theory did industrial leaders sometimes use to justify their economic success?
Social Darwinism