Chapter 9 - Industrialization

Edwin Drake

laissez-faire

entrepreneurs

Alexander Graham Bell

Thomas Edison

Pacific Railway Act

Grenville Dodge

Cornelius Vanderbilt

A railroad owner who built a railway connecting Chicago and New York. He popularized the use of steel rails in his railroad, which made railroads safer and more economical.

time zones

Jay Gould

Credit Mobilier

James J. Hill

stockholders

stock

A certificate of ownership in a corporation

economies of scale

Fixed costs

pools

Andrew Carnegie

Bessemer process

monopoly

trust

deflation

lockout

Marxism

arbitration

American Federation of Labor