Industrial Revolution Flashcards

(38 cards)

1
Q

Andrew Carnegie

A

Owned a steel company and created a steel plant in pittsburg PA. He had verticle integration over the process of making steel.

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2
Q

John D. Rockafeller

A

Known for oil. Put many companys out of business

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3
Q

J.P. Morgan.

A

A big banker. Took over many businesses such as CArnegie steel and created US steel corp

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4
Q

Henry Ford

A

Created his own car brand. Used the assembly line to create his cars

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5
Q

George Pullman

A

made sleeping cars, lavratories, and dining cars

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6
Q

George Westington

A

Made airbrake so one person can stop the train at once

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7
Q

Cornelius Vanderbilt.

A

Railroads. Created Networks with rail roads.Created Time zones

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8
Q

Terence Powderly

A

made union for skilled and unskilled workers from all sorts of life. Head of knights of labor union

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9
Q

verticle integration

A

controlling all aspects of the industry from raw materials to finished prducts such as iron mines, railroad,steamship lines,and warehouses.

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10
Q

Bessemer process

A

produced strong steel at a lower cost,this allowed steel to be more commonly used in items like nails,screws,needles,and skyscrapers

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11
Q

consolidation

A

combining of like businesses

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12
Q

standerized

A

everything is the same

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13
Q

network

A

linking of railroads

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14
Q

time zones

A

networks create the need for time zones

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15
Q

pools

A

companys come together to charge the same price

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16
Q

rebates

A

discounts only for the best costumers

17
Q

effect of railroads on economy

A

helped grow the economy and made more jobs for people to have

18
Q

gospel of wealth

A

rich should give to the poor

19
Q

divedends

A

small portions of a companys profit

20
Q

trust

A

group of corparations

21
Q

free enterprise system

A

private induviduals own businsesses

22
Q

monoply

A

one seller owns all forms of business

23
Q

triangle fire

A

fire that killed many girls in the workplace. Made fire safety better

24
Q

pullman strike

A

resulted in violence

25
robber barrons
negative term for businessmen
26
captain of industry
positive term for businessmen
27
anarchist
those who do not believe in standerized government
28
capitalism
an economic and politcal system where in which a countries trade and industry are owned by private owners for profit
29
social darwinism
the beleif that people became more powerful in society because they are innately better
30
AFL
union created to try and get better working hours,wages,and conditions
31
knights of labor
another labor union that wanted people to come together instead of forming different unions
32
standard oil co
owned by rockafeller main oil provider
33
stock
a share in a company
34
philanthropist
someone who donates their time and money to a good cause
35
assembly line
a line of conveyor belts to create things where each person had one jobto do as the items on the converybelt whent by
36
mass production
to produce things in large amounts
37
injunction
court order not to do something
38