Inventions
TWO of Thomas Edison's inventions
What is:
- Mimeograph machine, Motion Picture Camera, Phonograph, (improvements) to the incandescent lightbulb
After the civil war, this resulted in the growth of a large scale industry and the production of industrial machinery to produce goods
What is the second industrial revolution?
what is considered "the nations first big business"
what is the railroads
This "Wish Book" was the first large company catalog for department store shoppers
what is the Sears catalog
Leader of the steel industry
What is Andrew Carnegie
Two noteworthy examples from the late 1800s (mentioned in the AMSCO book)
What is:
- Telephone, Typewriter, Cash Register, Calculating Machine, Adding Machine
Process in which one company takes control of its former competitors in a specific industry
What is horizontal integration?
Who was the monopolist over the railroads in the mid to late 1800s
who is Cornelius Vanderbilt
This new food packaging method enabled shipping companies to revolutionize the American diet
what is Canning
Economic policy with little government interference and economic affairs.
What is Laissez Faire?
The inventor of the telephone
Who is Alexander Graham
Founder of the standard oil trust
Who is John D Rockefeller
who took control of railroads companies that went bankrupt because of the great panic of 1893
what is a group of banker led by .P Morgan
Promotional Advertising as well as new and improved marketing techniques targeted American citizens, creating a _______ economy.
what is Consumer
Social Darwinism
The first radical change in the speed of communications.
What is a workable telegraph
Carnegie employed this business strategy where a company controls every stage of the industrial process.
what is Vertical Integration
where did Cornelius Vanderbilt earn his money before joining the railroad industry
what is the steam boat business
The creator of the five-and-dime stores, which became increasingly popular in Urban neighborhoods in the late 1800s was named....
who is Frank Woolworth
The association that divided the country into 4 time zomes
What is the American Railroad Association
Developer of the air brake for railroads: Person + Year
Who is George Westinghouse, 1869
This is an organization that manages the assets of other companies.
What is a trust?
who was Jay Gould?
What is a spectator who entered the railroad industry for quick profits
The eating habits of Americans evolved from mostly fresh produce to _______ foods under brands such as Kellog and Post
what is Packaged
Speculators such as Jay Gould joined the railroad enterprise in order to gain quick profit, which eventually lead to the company's ________ of stock
what is inflation