Big Business & Inventions USII.4d

Any form of communication intended to persuade someone to buy a product or service
Farming/ having to do with farms.
Assembly Line
Manufacturing products by dividing the job into many small steps, each done by one person in a line with many other workers.
Alexander Graham Bell
Inventor of the telephone. He was an immigrant from Scotland who became a teacher of the deaf in Boston, Massachusetts, before developing the first telephone in 1876.
Captains of Industry
A term for business leaders who built up large scale industries in the U>S> during the late 1800s and early 1900s
Andrew Carnegie
An immigrant from Scotland who created the nation's largest steel making business in the late 1870s. He later donated hundreds of millions of dollars to education, the arts, scientific research, and to help build libraries in America.
All people who buy and consume (use) products for themselves or other family members.
Consumer Goods
Products made for people to buy such as clothes, furniture, cooking stoves, etc.
Thomas Edison
Inventor of the light bulb, the phonograph, and many other devices. He is famous for making a business of inventing things in an organized way. In 1876 he built his famous laboratory in Menlo Park, New Jerseys. He is sometimes referred to as "The Wizard of Menlo Park".
Henry Ford
The famous engineer and businessman who used assembly line techniques to create to the first affordable automobile. His Model T Ford was the best-selling car in the early 1900s.
Financial Resources
Money, especially in the form of bank loans, savings, or investments.
The movement of people from other countries to your country. (Note that emigration is the movement of people from your country to other countries.)
The change from a small scale hand production of goods to large scale factory methods of manufacturing.
Iron Ore
A rocky material containing iron that is dug from mines and then heated to a high temperature to release the metal.
Mail order catalogs
Printed booklets listing products that customer could buy from a company in a distant city for delivery by mail.
The shift to a greater use of machines, instead of just human labor, the produce products or grow crops.
National Markets
A market is a place where a product is sold. "National Markets" refers to the selling of a product in markets all over the country, not just in one city or area.
Natural Resources
Naturally occurring materials like coal, iron ore, and copper that can be used in the making of products.
Raw Materials
The basic materials that are used in the manufacturing of products. Usually, raw materials are natural resources.
A machine for harvesting wheat, invented by Cyrus McCormick in Virginia in the 1830s.
John D. Rockefeller
The Ohio businessman who started the Standard Oil Company, and gained control over most of the oil business in the U.S> Later in life, he donated hundreds of millions of dollars to medical research, the arts, and education.
Textile Industry
The cloth making industry. It was the first industry to convert to factory and machine production methods. In America, the textile industry first developed in the New England states
Cornelius Vanderbilt
A famous New York businessman and "Captain of Industry" who made a fortune in shipping, and later, railroads in the 1800s. He is often cited as an example of wealthy businessmen of that time who combined great business talent with bold but sometimes crooked financial deals.
Wright Brothers
The inventors Wilbur and Orville Wright, who created the first successful airplane in 1903. The flight was made near the sea shore at Kitty Hawk, North Carolina.

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