The Industrial Revolution-US History
Terms in this set (26)
A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s
A way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities.
Part ownership in a company.
When one company runs everything.
Networks of iron (later steel) rails on which steam (later electric or diesel) locomotives pulled long trains at high speeds. First railroads were built in England in the 1830s. Success caused a railroad building boom lasting into the 20th Century (704)
An example of big business that was made possible by Captain of Industry Andrew Carnegie. It helped fuel industrialism in America and the manufacturing center was Pittsburgh.
brought major growth in industrial capability by allowing machinery to be lubricated, centered in Ohio. John D. Rockefeller was the leader of this industry.
the social process whereby cities grow and societies become more urban
a person who comes to a country where they were not born in order to settle there
a company buying its suppliers.
a company buying other competitors in the same business.
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. (govt hands-off)
stop work in order to press demands
American inventor best known for inventing the electric light bulb, acoustic recording on wax cylinders, and motion pictures.
A Scottish-born American industrialist and philanthropist who founded the Carnegie Steel Company in 1892. By 1901, his company dominated the American steel industry.
J. P. Morgan
Banker who buys out Carnegie Steel and renames it to U.S. Steel. Was a philanthropist in a way; he gave all the money needed for WWI and was paid back. Was one of the robber barons.
John D. Rockefeller
An American industrialist and philanthropist, in 1870, Rockefeller founded the Standard Oil Company and ran it until he retired in the late 1890s. Often forced rival companies to sell out by drastically lowering his own prices. At one point he controlled 90% of the oil business. He became the world's richest man and first U.S. dollar billionaire.
A railroad baron, he controlled the New York Central Railroad; built a railway connecting Chicago and New York; popularized the use of steel rails in his railroad, which made railroads safer and more economical
1863-1947. American businessman, founder of Ford Motor Company, father of modern assembly lines, and inventor credited with 161 patents.
when one company is in charge of all of an industry.
Industries primarily concerned with the design or manufacture of clothing as well as the distribution and use of textiles.
Railroad connecting the west and east coasts of the continental US
relating to or concerned with a city or densely populated area
Refers to the industrialists or big business owners who gained huge profits by paying their employees extremely low wages. They also drove their competitors out of business by selling their products cheaper than it cost to produce it. Then when they controlled the market, they hiked prices high above original price.
poorly built, overcrowded housing where many immigrants lived