railroads
This major industry grew rapidly because railroads needed strong materials for tracks.
what is the steel industry
This man dominated the steel industry and later became known for his philanthropy
Who is Andrew Carnegie
This business leader became the most powerful figure in the oil industry
Who is John D. Rockefeller
He controlled the steel industry
Who is Andrew Carnegie
A monopoly happens when a company controls all or most of this
What is an industry
Railroads improved this type of travel and shipping, opening the nation to new markets
what is transportation
This process made steel cheaper and stronger, fueling rapid industrial growth.
What is the Bessemer Process
Rockefeller founded this famous oil company
What is standard Oil
He controlled the oil industry
Who is John D. Rockefeller
Rockefeller used trusts to limit this, helping him dominate oil
What is competition
Railroad companies helped create this system that standardized time across the U.S.
What are time zones
Steel made it possible to build these tall urban structures
What are skyscrapers
Refined oil was used for these two major purposes in the late 1800s
what are kerosene and lubrication
These powerful businessmen were often called "captains of industry" or " robber barons"
Who are industrialists
Critics said monopolies hurt this group by raising prices
Who are consumers
Railroads were the first major industry to rely on this system of long distance communication to coordinate schedules
what is the telegraph
Carengies's company used this business method controlling every step of production to dominate the market
What is vertical integration
Rockefeller often bought his competitors, a tactic known as
Carnegie believed wealthy people had a moral duty to give back, a philosophy known as
What is Gospel of Wealth
These laws were alter passed to limit monopolistic business practices
What are antitrust laws
Rail roads encouraged growth in this fossil fuel industry used to power trains
what is the coal industry
Steel was crucial in building this rapidly expanding U.S. system of transportation
What are railroads
The oil industry helped grow this type of home technology that improved lighting
What are oil lamps
Rockefeller created this business structure that allowed him to control many companies under one organization
What is trust
Carnegie and Rockefeller both used their massive wealth to influence this area of society
What is philanthropy