Capital Money for investment in industry. George M. Pullman Developed a luxury sleeping car for...
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Transcript of Capital Money for investment in industry. George M. Pullman Developed a luxury sleeping car for...
capital
Money for investment in
industry
George M. Pullman
Developed a luxury sleeping car for
overnight
philanthropy
The use of money to benefit a community
Standard Oil Company of Ohio
Organized by John D. Rockefeller
George Eastman
Invented the Kodak camera
Pittsburgh
Leading producer of steel in the
U.S.
Time zones
Developed in order to coordinate train
schedules
Knights of Columbus
Formed in 1869 to protect workers’ rights
Assembly line
Allowed mass production of goods
consolidation
Large companies expand by buying
smaller companies or driving them out of
business
pools
Secret agreements among railroad barons
that eliminated competition
Child labor
Children under the age of 16 who worked in
factories and in agriculture
Henry Ford
Began designing cars at his own company
in 1903
monopoly
Total control by a single producer
Alexander Graham Bell
Invented the telephone
corporation
A company that sells stock to the public to
raise capital
Thomas Edison
Invented the light bulb and designed power
plants
Haymarket
Site of a riot among striking workers that
resulted in the deaths of several people
Factors of production
Land, labor, and capital
Railroad barons
A few powerful individuals who
controlled rail traffic