U1 Review 2

A less expensive and easier way to make steel. It increased production and lowered the price of steel in the US dramatically.

• Industrial Revolution

• Bessemer Process

• JP Morgan

• Hull House

The total or complete control of a service, product or industry that prevents competition

• Union
• Robber Barron
• Monopoly
• Captain of Industry

Who was the oil tycoon who created the Standard Oil Company

• Carnegie

• Morgan

• Rockefeller

• Vanderbilt

Cornelius Vanderbilt made his fortune in...

• flight
• oil
• railroads
• automobiles

Company who Owns every step of production

• Horizontal Integration

• Vertical Integration

• Lassiez faire

• Corporation

Became the head of US Steel after buying the company

• Rockefeller

• Morgan

• Carnegie

• All of them

Financier who made his money in the Banking industry

• Rockefeller

• Morgan

• Carnegie

• Vanderbilt

He invented the light bulb and helped "electrify America."

• Alexander Graham Bell

• George Westinghouse

• Cyrus McCormick

• Thomas Edison

Term that means the government will not regulate or interfere in industry.

• Laissez Faire

• Open Door Policy

• Regulatory Restraint

• Socialism

a belief that the rich are wealthy because they are strong and the poor are weak

• Social Darwinism

• Gospel of Wealth

• laissez faire

• monopoly