Ch.18: Industrialization & Big Business
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Last updated 5:03 PM on 4/28/25
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Economy stimulated by new resources
Steel & oil
Steel becomes “cornerstone” of US economy through World War II
Business “tycoons” & monopolies dominate industry
Andrew Carnegie (steel)
John D Rockefeller (oil & railroads)
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Economy stimulated by science
Developments in electrical power & light
Thomas Edison, Nikola Tesla
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Developments in communication
Telephone- Alexander Graham Bell
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Laissez fair
Govt. non-interference policy towards business dominated attitudes
Social Darwinism: survival of the fittest
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Note 
Flashcards (32)