Businessmen
What company did John D Rockefeller own?
Standard Oil
What is Henry Ford famous for?
How long did it take all of the railroads in the US to be made the same width?
One day
What is a monopoly?
When someone owns every part of a certain kind of business (they own all the oil companies or they own all of the streaming services)
What is a strike?
When workers refuse to do their job until their demands are met
What was Andrew Carnegie's first job?
He was a telegraph boy when he was 13
What are three things that Thomas Edison invented?
the light bulb, the phonograph, and the motion picture camera
How did railroads affect businesses?
It made businesses bigger. They could sell things far away from where their business made them
How did John D Rockefeller create his monopoly?
He would keep his prices low until the other company went bankrupt. Then he would raise his prices and buy the bankrupt company
What happened at the Haymarket Riot?
People were protesting for a shorter work day, Pinkertons fought with the workers. Someone from the crowd threw a bomb.
How did Boss Tweed get this money?
Bribery and corruption (he would tell people to charge more for an item then necessary and he would take half of the profits)
What did Alexander Graham Bell invent?
The telephone
Sometimes the government tried to control railroad companies, like with the Interstate Commerce Act. How did that work?
It didn't. The laws were not specific enough and so the railroad companies just ignored them
What is a robber baron?
Someone who will do anything to make more money, even if it hurts other people
What happened during the Homestead Strike?
Carnegie cut wages and his workers went on strike. Carnegie hired Pinkertons to break up the strike. The strikers started a battle trying to keep the Pinkertons out. The governor had to send in the National Guard
How did J P Morgan make his money?
He was a banker
What did Samuel B Morse invent?
Morse Code
How did railroads affect how we tell time?
It used to be that every town kept their own time. That would be way too confusing for a train schedule so we created time zones or "railroad time"
What is a Captain of Industry?
Someone who is using their money to make the world and their business a better place
What happened at the Pullman Strike?
Pullman cut the workers' wages and people refused to use trains. It hurt the business so much President Cleveland sent in the army to force the workers to go back to work
How did Cornelius Vanderbilt make his money?
Railroads
What did King Gillette invent?
The safety razor
Coal and Steel
Which of our businessmen is the inspiration for the Monopoly Man?
J P Morgan
What happened at the Ludlow Massacre?
John D Rockefeller evicted strikers from his town in winter. The governor sent in military who burned down the tent colony