Titans
He formed the first billion dollar company in US history.
(hint- Think of Finance)
JP Morgan
Alexander Graham Bell invented this communication innovation
telephone
Purchasing of competing companies in same industry is an example of this practice.
Horizontal integretion
Vast quantities of _____ _______ like coal, iron ore, oil, and copper were the foundation for Americas post civil war growth.
Natural resources
A company without competition in the market is this
Monopoly
By the turn of the century, he was producing one-quarter of all the steel in the US.
Andrew Carnegie
Alternatiing current inventor
Tesla
Purchasing companies at each stage of production for a certain product is an example of this business practice.
vertical integration
Privately owned capital is a key component to this type of economic system
Capitalism
A company that owns a controlling share in other companies
Holding Company
In 1882 this man formed the Standard Oil Trust. (It brought 90% of all oil refining under his control)
John D. Rockerfeller
To apply new machines, processes, and/or products is to...
INNOVATE
Mr Tully is upset at students for driving up the price of this brand of shoes
New Balance
"successful individuals .....adapt, survive, and thrive" is what philosphy
Social Darwinism
This law forbade all trusts etc that limited or restricted interstate trade.
Sherman Anti-trust Act
Former partner of Rockefeller and Owner of Florida East Coast railroads connecting all of Florida (Jacksonville to Key West)
Flagler
Hair care and make-up entrepreneur especially made for African Americans
Madam CJ Walker
The practice of putting underage children to work
Child Labor
Government approach to free market economy...
laissez faire
Congress passed this law against unfair practices by railroad companies.
Interstate commerce act
Started a motor car company and chief developer of assembly line technique
Henry Ford
This reduced steel-making costs by 80%
Bessemer Process
Steam power was the driving force for this time period in the late 18th century
First Industrial Revolution
Civil war legislation that encouraged economic growth by offering free land in the west
Homestead Act