Chapter 14 - The Second industrial Revolution (FAV)
Edwin Drake
person who drilled the first commercial oil well
mass transit
public transportation systems that carry large numbers of people along established routes
transcontinental railroad
railroad that crossed the entire country
Vanderbilt
railroad tycoon
entrepreneur
risk-taker using money and talent to start a business
Carnegie
steel tycoon; gave $350 million to charity
capitalism
system which private businesses run most industries
laissez-faire
type of capitalism without government intervention
Bessemer process
a steel making process that was quicker and cheaper
monopoly
an industry where one corporation has complete control
social Darwinism
belief that survival of the fittest benefits society
Thomas Edison
creator of hundreds of inventions- light bulb, phonograph
wildcatter
oil prospector
Rockefeller
oil tycoon; founder of Standard Oil
horizontal integration
owning companies that produce the same thing
vertical integration
owning the companies that supply a business
Grover Cleveland
President from 1885-1889
xenophobia
fear of foreigners
Samuel Gompers
founder of the American Federation of Labor
Alexander Graham Bell
inventor of the telephone
The Wright Brothers
inventors and pilots who made the first successful airplane flight
Knights of Labor
labor union founded in 1869
American Federation of Labor
labor union of skilled workers founded in 1886
Sherman Antitrust Act
law making it illegal to form trusts that interfere with free trade
Eugene Debs
leader of American Railway Union
Terence Powderly
leader of the Knights of Labor
blacklist
list of workers thought to be troublemakers
telegraph
machine for sending messages over wires with electricity
