Second Industrial Revolution

Cornelius Vanderbilt

• Railroad Baron - Captain of Industry
• Owned a Steel Trust

• Banker who acquired steel companies
• Industrialist known for oil investments

John D Rockefeller

• Railroad magnate in the West
• Created Standard Oil Company
• Innovator in telecommunications
• Inventor of the assembly line

JPMorgan

• Made his fortune in banking
• Railroad magnate
• Innovator in steel production
• Established first major tech company

Andrew Carnegie

• Steel industry leader with vertical integration
• Known for inventing the lightbulb
• First person to use assembly lines
• Oil magnate and monopolist

Henry Ford

• Used the assembly line to bring the price of cars down.

• Creator of Standard Oil
• Inventor of the telegraph
• Creator of vertical integration in steel

Thomas Edison

• Telegraph inventor
• Assembly line innovator
• Most important invention was the lightbulb
• Creator of Standard Oil

Samuel Gompers

• First leader of the AFL
• Steel company executive
• Oil industry magnate
• Inventor of the assembly line

Mary Harris "Mother" Jones

• Oil industry innovator
• A banker and financier
• An Irish immigrant who organized strikes
• Railroad tycoon

Wilbur and Orville Wright

• Automobile industry innovators
• Invented a lightweight airplane
• Developed oil refining methods
• Key players in the steel industry

Trust

• A group of companies controlled by one board
• A type of labor union
• Assembly line process for cars
• Government-owned corporation