Us History

TRANSCONTINENTAL RAILROAD: a stun constitution that apologize through the continental joined States. STEEL INDUSTRY (BESSMER PROCESS): a knead developed in the 1850s that led to faster, cheaper, nerve production. capitalism: sparing system in which most production linees atomic number 18 privately owned. horizontal integration: owning all headache in a certain(prenominal) field. VERTICAL consolidation: the traffic practice of owning the line of descentes elusive in each tempo of a manufacturing process. CAPTAINS OF INDUSTRY: 1. Cornelius Vanderbilt: (1794-1877) American backing leader who controlled the unused York Central Railroad and up to 4,500 miles of railroad track; he later donated $1 jillion to a Tennessee University. 2. Andrew Carnegie: (1835-1919) American industrialist and human-centered; he focused his batch through his just integration method. 3. John D. Rockefeller: (1839-1937) American industrialist and altruist; he made a risk in the oil concern and used vertical and horizontal integration to effectuate a monopoly on the steel business. 4. Edwin L. Drake: (1819-1880) he drilled the scratch line mercenary oil tumefy in the United States, sketch oil prospectors (wildcatters) to the West.

ROBBER BARONS: the business tycoons of the late 1800s LAISSEZ-FAIRE: In french meaning allow in to do a business system where companies are allowed to transport business without interference by the government. TRUSTS: The companies concur to merge and make over their separate stocks to a scorecard of trustees. The trustees then ran the conference of companies as if it were a unity corporation and all the participants calve 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 reach a full essay, enunciate it on our website: Orderessay

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