a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
This innovation in transportation built that crossed the nation from the Atlantic to the Pacific and was finished in 1869 after being built for 10 years.
A way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities.
Process of making large quantities of a product quickly and cheaply
This scientist received more than 1,300 patents for a range of items including the automatic telegraph machine, the phonograph, improvements to the light bulb, a modernized telephone and motion picture equipment.
Alexander Graham Bell
He was an American inventor who was responsible for developing the telephone. This greatly improved communications in the country.
complete control of a product or business by one person or group
A group of corporations run by a single board of directors
Sherman Anti Trust Act
an 1890 law that banned the formation of trusts and monopolies in the United States
a steel giant that got where he was by vertical integration. He pioneered vertical integration as a way to run a corporation, and was an anti-trust advocate as well as a philanthropist.
John D. Rockefeller
organized the Standard Oil Company of Ohio in 1870, attempting to eliminate the middlemen and knock out his competitors. By 1877, he controlled 95% of all the oil refineries in the nation. Great philanthropist.