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Laissez
faire policy - A non-intervention policy maintained during the age of big businesses. The US government encourages the growth of the industry. Because of this policy, some companies, such as steel and railroads, became extremely large.
J.P. Morgan Steel Company
Morgan purchased Carnegie's company in 1901 and reorganized it into the U.S. Steel Corporation, which became (At the time) the world's largest corporation and steel producer.
Process Carnegie used to make steel
On a trip to England, Carnugue learned about the Bessemer steel-making process.
Sherman Anti
trust Act of 1890 - Response to the public outcry against monopolistic companies, the first federal law of its kind. It launched the trust-busting era.
Horizontal integration
An example is the PA railroad
The most important freight carried by Railroads
Coal
Assembly Line
A system in which made cars less expensive
Centennial Exhibition
Visited by 10 million Americans to celebrate our nation's 10 years of independence by showing off new inventions.
Kinetoscope
A motion picture camera built by Thomas Edison and his team
Johnstown Flood
Johnstown, PA experienced the country's greatest natural disaster. Johnstown was our nation's largest producer of iron and steel.
Explain the Age of Big Business
Produced abundant social problems among the industrial workers of our nation. Major growth in the industry and machines
Matthias Baldwin
Built the first steam train
Clara Barton
- Rushe the American Red Cross to the Johnstown Flood site
Henry Bessemer
Invented a new process of blasting air through molten iron. STEEL
Andrew Carnegie
Built a steel empire using the Bessemer Process
Eugene Debs
Union leader of the Wobblies
Edwin Drake
Drilled our nation's first successful oil well
Samuel Gompers
president of the American Federation of Labor at its founding convention
Elias Howe
Invented the sewing machine
Eli Janney
solved the runaway car problem with the invention of the knuckle coupler
Mary Harris Jones
A union organizer who co-founded the I.W.W. and worked at strikes
Samuel Kier
Built our nation's first successful oil refinery
Terence Powderly
The leader of the Knights of Labor
George Pullman
Designed comfortable sleeper cars for the railroads
John D. Rockefeller
Built an oil-refining empire and founder of Standard Oil Company
Cornelius Vanderbilt
The richest man in America and controlled the ship industry
Alexander Bell
Invented the telephone
Thomas Edison
Invented the lightbulb and the kinetoscope
Henry Ford & Ransome Olds
Invented a car with an assembly line and was cheaper than a normal car
Mack Brothers
Founded the Mack Trucks
Samuel Morse
Co-developed the telegraph, but his system was simpler
John Pitcairn and John Ford
Established the glass industry
John Roebling
Invented the wire rope. Used for aqueducts and suspension bridges
Gustavus Swift
Revolutionized the meat-packing industry with the idea of a refrigerated railroad car
The Wright Brothers
Invented the airplane
Note 
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