Second Industrial Revolution Test

Invented a way to extract oil from the ground in Western Pennsylvania, causing oil to gush from the ground and creating the first commercial oil well

• Edwin Drake

• John D Rockefeller

• Thomas Edison

• Henry Ford

The belief that the strongest companies with strong leaders should be successful in business and in life.

• Social Belief

• Social Darwinism

• Social Structure

• Social Equity

The process of owning all businesses in a certain field.

• Bessemer Process

• Vertical Integration

• Sherman Antitrust Act

• Horizontal Integration

The ownership of businesses involved in each step of the manufacturing process.

• Vertical Integration

• Sherman Antitrust Act

• Horizontal Integration

• Bessemer Process

Businesses that sell portions of ownerships called stock shares.

• Board shares

• Stockbrokers

• Corporations

• Stock Exchange

Focused his efforts on steel making.

Developed the process of horizontal integration.

Created Standard Oil Corporation.

Expanded his business by buying out competitors

A poor immigrant from Scotland who took a job with a railroad as a teen.