1
Who made their fortune in oil?
Rockefeller
A tax on imported goods.
Tariff
Share of ownership in a corporation.
Share
This guaranteed an inventor sole rights to his or her invention.
A Patent
Who invented the first light bulb?
Thomas Edison
What type of communication was used on the telegraph?
Morse Code
Who made their fortune in steel?
Carnegie
People that take risk by starting their own business.
Entrepreneur
A belief that successful individuals were endowed with the ability to survive.
Social Darwinsim
"The day is coming when telephone wires will be laid on to houses like water and gas...."
Alexander Graham Bell
A single seller or producer that excludes competition from providing the same product.
Monopoly
A processed that removed the impurities in steel.
Bessemer Process
Created the alternating current in motors.
Nicola Tesla
Who does Vanderbilt go into business with?
Rockefeller
A free market with no government inference.
Laissez-faire
What year was the Transcontinental Railway finished?
1869
The Erie Rail Line traveled from where to where?
New York to Chicago
Which African American inventor had over 50 patents for lubricating systems for steam engines? Hint: initials are E.M.
Elijah McCoy
A company that is recognized as a separate "person."
Corporation
Where did Carnegie move to in the United States?
Pittsburg
How many children did Vanderbilt have?
13
Equal protection Amendment
14th
Created a successful cosmetic and haircare company in 1906. She became the first African-American millionaire.
Madam C.J. Walker
Who won the World Series last year (2021)?
Atlanta Braves
Who is performing at the Super Bowl 2023?
Rihanna
Who received a patent on the foldaway bed? (She was the first African American to receive a patent)
Sarah Goode
Why did Henry Flagler build railroads on Florida's east coast?
To bring tourists to his hotels.
How much was Carnegie's share when he sold his steel company?
$225,000,000
When owner controls one product and all of the companies with that product.
Horizontal Integration
Controls all stages of production and distribution of a company.
Vertical Integration
He controlled 90% of all oil refining in the U.S. What is this called?
Horizontal Integration
What was the significance regarding the passage of the Interstate Commerce Act of 1887 and the Sherman Antitrust Act of 1890?
That Congress could regulate business in certain circumstances.
The period of time when there were greedy industrialists and corrupt politicians.
The Gilded Age
What is one difference between the first and second Industrial Revolution?
It was only in the second that there was a national market.
What was the name of the bridge that Vanderbilt closed?
The Albany Bridge