Industry
The main transformation during the First Industrial Revolution
What is the introduction of factories and machinery?
Thomas Edison's invention that changed how people lived.
What is the light bulb?
Definition of a "market economy."
What is an economy where businesses compete freely?
How the Transcontinental Railroad impacted the United States.
What is it connected the East and West coasts, making travel and shipping faster and cheaper?
The businessman known for creating an oil monopoly.
Who is John D. Rockefeller?
Coal's importance during the Industrial Revolution
What is it powered railroads and factories?
How the invention of the telegraph affected communication.
What is it allowed for instant communication over long distances?
The meaning of laissez-faire.
What is letting businesses run without government interference?
Why railroads were essential for industrial growth.
What is they provided fast transportation of raw materials to factories and goods to markets?
Why monopolies were seen as a problem.
What is they eliminated competition?
How the Civil War boosted industrial growth.
What is it increased demand for weapons and transportation?
The safety device invented by Garrett Morgan.
What is the gas mask?
How the Morrill Tariff helped American businesses.
What is it raised tariffs to protect local industries?
The specific area of Florida Henry Flagler helped transform.
What is St. Augustine and the northeastern region?
The law that tried to stop monopolies in 1890.
What is the Sherman Antitrust Act?
The industry that grew rapidly due to the Bessemer Process.
What is the steel industry?
Elijah McCoy’s invention that revolutionized industrial machinery.
What is an oil-drip system for machinery?
Definition of vertical integration.
What is a company controlling every step of production, from raw materials to the finished product?
How Granville T. Woods’ inventions impacted railroads.
What is they improved communication and safety?
The purpose of the Sherman Antitrust Act.
What is to prevent companies from forming monopolies?
How the Bessemer Process impacted the steel industry.
What is it allowed for mass production of steel?
Granville T. Woods' most famous invention.
What is the Synchronous Multiplex Railway Telegraph?
This business strategy, famously used by John D. Rockefeller, involves a company acquiring its competitors to dominate an entire market.
What is horizontal integration?
J.P. Morgan’s contribution to the U.S. economy during the Second Industrial Revolution.
What is he financed major industries like steel and railroads?
One impact of John D. Rockefeller’s Standard Oil.
What is it controlled most of the U.S. oil industry?