exam 1 - unit 3 - chapter 18 Flashcards
(59 cards)
business investors sought the latest ideas upon which they could capitalize both to transform the nation as well as
make a personal profit
what was our industrialization encouraged by
great britians industrial revolution
for both families and businesses, the new tech advances represented
a fundamental change in their way of life
who patented the telephone in 1876
alexander graham bell
what bell the first to invent the concept of the telephone
no, but he was the first to capitalize on it
what did bell create after securing the patent on the telephone
the national bell telephone company
what is the national bell telephone company now known as
at&t
who created the light bulb and was possibly the greatest inventor of the turn of the century
thomas alva edison
what did thomas edison famously say
he said that he “hoped to have a minor invention every ten days and a big thing every month or so”
what year did edison devote himself fully to be an inventor
1876
what else did edison invent
phonograph, mimeograph, motion picture projector, dictaphone, and the storage battery
what did edison create for other inventors
a factory dedicated to inventing, before that, inventors worked at home
the end of the 19th century was a period in history that offered tremendous ______ ______ to those who had the right combination of ____, ________, and ____
financial rewards
skill
ambition
luck
who believed that it was the job of the wealthy to give back in their lifetime to the greater community
andrew carnegie
whos success was built on the backs of ruined and bankrupt companies
rockefeller
who questioned the impact on the working class and the dangers of consolidating too much power and wealth into one individuals hands
progressive reformers
who sought wealth stricktly through the investment in and subsequent purchase of others hard work
j.pierpont morgan
who was a “robber baron” and built a massive estate and lived on it
cornelius vanderbilt
who insisted on up-to-date machinery and equipment and urged his men who worked at and managed his steel mills to constantly think of innovative ways to increase production and reduce cost
carnegie
what was “the gospel of wealth” by carnegie about
its about his belief that, given the circumstances of their successes, they should serve as benefactors to the less fortunate public. give back
carnegie was born into wealth t/f
f
was carnegie a steel or oil manufactuer
steel
was carnegie vertical or horizontal integration
vertical
was rockefeller a oil or steel manufactorer
oil
