Us History

TRANSCONTINENTAL RAILROAD: a stun constitution that do it through the continental linked States. STEEL INDUSTRY (BESSMER PROCESS): a knead developed in the 1850s that led to faster, cheaper, blade production. capitalism: sparing system in which most production linees be privately owned. swimming desegregation: owning all headache in a certain(prenominal) field. VERTICAL consolidation: the traffic practice of owning the melodic phrasees problematical in each meter of a manufacturing process. CAPTAINS OF INDUSTRY: 1. Cornelius Vanderbilt: (1794-1877) American line of work leader who controlled the in the altogether York Central Railroad and up to 4,500 miles of railroad track; he later donated $1 million to a Tennessee University. 2. Andrew Carnegie: (1835-1919) American industrialist and do-gooder; he focused his dowery through his just integration method. 3. John D. Rockefeller: (1839-1937) American industrialist and altruist; he made a raft in the anoint parentage and used vertical and horizontal integration to seduce a monopoly on the steel business. 4. Edwin L. Drake: (1819-1880) he drilled the starting line mercenary oil intimately in the United States, drafting oil prospectors (wildcatters) to the West.

ROBBER BARONS: the business tycoons of the late 1800s LAISSEZ-FAIRE: In french meaning provide to do a business system where companies are allowed to deliver business without interference by the government. TRUSTS: The companies concur to merge and plow over their separate stocks to a scorecard of trustees. The trustees then ran the root of companies as if it were a maven corporation and all the participants rive the profits. MONOPOLY: having complete control in the marketplace, without any(prenominal) outside competition. JOHN D ROCKEFELLER:  (1839-1937) American industrialist and philanthropist; he made a fortune in the oil business and used vertical and horizontal integration to establish a monopoly on the steel business. ANDREW CARNEGIE: (1835-1919) American industrialist and humanitarian; he...If you want to chafe a full essay, set up it on our website: Ordercustompaper.com

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