Industrialists
An industrialist that made his money in railroads
Cornelius Vanderbilt
Railroad that stretches across a continent from coast to coast
Transcontinental Railroad
control all the levels of product creation (supplies, shipping, and distribution
A positive view of the Gilded Age industrialists that focuses on their innovations, boosted the economy, created jobs, and philanthropy
Captain of Industry
Refers to the time period after the Civil War. On the surface, America seems prosperous and rich, but a closer looks shows corruption, poverty, and inequality
Gilded Age
An industrialist that made his money in steel
Andrew Carnegie
Famous inventor known for inventing the light bulb, phonograph, motion picture projector, storage battery, as well as many others. He created the first electric power plant and supplied electricity, DC current, to homes.
Thomas Edison
buyout competing companies that are producing the same product
Horizontal Integration
A negative view of the Gilded Age industrialists that focuses on their unethical, cutthroat tactics, taking advantage of their workers, and child labor
Robber Baron
Henry Frick
An industrialist that made his money in oil
John D. Rockefeller
Serbian-American inventor and electrical engineer whose work on alternating current (AC) systems revolutionized electricity generation and distribution. His inventions, including the Tesla coil and contributions to wireless communication, laid the foundation for many modern technologies.
Nikola Tesla
control the production and distribution of a specific product
Workers striking at the homestead plant exchanged fire with private guards hired by the Carnegie Corporation. Nobody knows who fired the first shot.
Homestead Strike
During this time period did people prefer to make their own goods or buy manufactured goods?
Buy manufactured goods
An industrialist that made his money in banking
J.P. Morgan
The Columbian Exposition in Chicago, celebrating the 400th anniversary of Columbus's arrival in the New World, was a landmark event drawing 27 million visitors that showcased new technology from the United States as well as around the world.
World's Fair (1893)
a trust completely controlled an industry
Monopoly
Poverty drove nearly 2 million children into dangerous factory jobs. Children were prized for being cheap, docile labor, often working for pennies in unsafe, cramped conditions, with many facing severe injury or, for some, working in agriculture.
Child Labor
Who electrocuted an elephant to prove that AC current was unsafe?
Thomas Edison
An industrialist that made his money in automobiles
Henry Ford
Way of making strong steel at a low cost
Bessemer Process
Business owned by investors who buy shares of stock
Corporation
This event destroyed the city of Johnstown, Pennsylvania, and was caused by the lowering of a dam by members of the South Fork Fishing and Hunting Club
Johnstown Flood
Gilded means
Covered in gold