American History

Essay by PaperNerd ContributorCollege, Undergraduate September 2001

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Protective Tariff: a tax on imported goods that is intended to protect nation's businesses from foreign countries.

Entrepreneur: a person who uses his or her money to start a new business.

Patillo Higgins: Began the industrial revolution by discovering oil in Texas Edwin Drake: Used a steam engine to drill for oil near Titusville, Pennsylvania.

George Westinghouse: made electricity safer, and cheaper.

Christopher Sholes: Invented the typewriter in 1867 Alexander Graham Bell: Invented the telephone.

Thomas Edison: Became the pioneer in the new industrial frontier when he established the first research laboratory, also invented the incandescent light bulb.

E. I. Dupont: distributed widespread of gunpowder Elisha Otis: built the passenger elevator Richard Gatling: invented the gatling gun Lewis Waterman: perfected the fountain pen A & P: first grocery store Frank Wolworth: Sold mass produced products Montgomery Ward: Pioneer mail order shopping Guglielmo Marconi: wireless telegram Levi Strauss: 1st denim blue jeans George Pullman: built a factory for manufacturing sleeping cars for trains Andrew Carnegie: STEEL KING, produced ¼ of the nations steel, owned all steps of steel making, was nice to his employees.

JP Morgan: Head of largest private banking house in America , purchased Carnegie Steel, then merged it with other steel companies to form U.S. Steel. Became 1st billion-dollar corporation.

Jay Gould: railroad consolidator, combined smaller railroads with bigger ones.

Cornelius Vanderbilt: Railroad tycoon, bought many things.

Horatio Alger: He wrote the Rags to Riches story Ida Tarbell: journalist who worked to expose Rockerfeller's evil business techniques.

Standardized sizes: came from the men in the army Standard Times zones: came form the railroad industry Mergers: Horizontal: when a company produces similar products merge Vertical: to buy out all the steps of the products production Conglomerate: To buy other businesses that having nothing to do with the other business.