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Edwin L Drake
successfully used a steam engine to drill for oil near Titusville, Pennsylvania
Bessemer Process
a cheap and efficient manufacturing process which involved injecting air into molten iron to remove the carbon and other impurities
Henry Bessemer
British manufacturer that created the Bessemer Process
Thomas Edison
pioneer that established the world’s first research lab, invented a workable light bulb, invented an entire system for producing and distributing electrical power.
Christopher Sholes
invented the typewriter in 1867 and changed the world of work
Alexander Graham Bell
invented the telephone
Transcontinental Railroad
railroad that connected the Eastern and Western US.
George Pullman
designed a town for the employees of his railroad-car factory.
Interstate Commerce Act
reestablished the right of the federal government to supervise railroad activities and set up a five-member Interstate Commerce Commission (ICC)
Credit Mobilier
a joint-stock company that built the Union Pacific Railroad
Munn v. Illinois
Supreme Court case that established the government’s power to regulate private industries that affect the public interest
Andrew Carnegie
American Industrialist who led to the expansion of the American steel industry in the late 19th century
Cornelius Vanderbilt
key figure in the expansion of the regional railroads
J.P. Morgan
a banker that created holding companies
John D. Rockefeller
an American business magnate who created trusts
Sherman Antitrust Act
made it illegal to form a trust that interfered with free trade between states or with other countries
Samuel Gompers
led the Cigar Makers’ International Union to join other craft unions in 1886
American Federation of Labor
able to reach written agreements on wages, hours, and working conditions
Eugene v. Debs
attempted to form such an industrial union with the railway workers
Mary Harris Jones
most prominent organizer in the women’s labor movement
Vertical Integration
business strategy where a company controls multiple stages of production
Horizontal Integration
a business strategy in which companies gain ownership
Social Darwinism
the idea that certain people become powerful in society because they are innately better
Haymarket Riot
after explosion during a demonstration in Haymarket Square, labor leaders were arrested and put on trial.
Homestead Strike
Carnegie and Frick decided to “break” the union and locked out workers from Homestead Steel works when they failed to negotiate a new contract
Pullman Strike
Pullman workers went on strike when Pullman lowered wages but not prices in his company town
Ideology
A system of beliefs about society and government
Capitalism
Market-based economic system in which individuals or corporations privately own the means of production
Socialism
ideology in favor of government ownership of the means of production to improve conditions for workers
Communism
ideology calling for revolution by workers to overthrow the “bourgeoisie” and establish a classes society
Anarchism
A radical political theory opposing all forms of government in favor of self-governing communities