Key terms, people, and events from Chapter 24 of the 13th edition of the American Pageant.
7965131214 | Cornelius Vanderbilt | He was a railroad tycoon. He earned his 1st fortune as a shipping magnate in New York where he gained the nickname "The Commodore" while shipping. Then, turned to railroads by consolidating the lines from NYC to Chicago | 0 | |
7965169198 | Jay Gould | He manipulated the stocks of railroad companies to his own benefit. | 1 | |
7965185420 | Alexander Graham Bell | He was the inventor of the telephone. Less well known, he was a teacher of the deaf. It was because of his work with the mechanics of sound and speech (teaching the deaf how to speak) that he began his work on the telephone | 2 | |
7965131223 | Andrew Carnegie | He was a steel tycoon. He was a master of "vertical integration." He eventually turned to philanthropy and gave huge sums to libraries and arts | 3 | |
7965208704 | Thomas Edison | He perfected the incandescent light bulb, and many other inventions such as the phonograph, mimeograph, dictaphone, and moving pictures. Much of his work was done at his New Jersey lab, Menlo Park | 4 | |
7965241273 | John D. Rockefeller | He was an oil tycoon. He owned the Standard Oil Company that eventually controlled at least 90% of American oil. Was a master of "horizontal integration" where he ruthlessly drove others out of business | 5 | |
7965261826 | J.P. Morgan | He was a banker and financier. He orchestrated several blockbuster deals in railroads, insurance, and banking. He bought Andrew Carnegie's steel operation for $400 million to start the U.S. Steel Company. He symbolized the greed, power, arrogance, and snobbery of the Gilded Age business. | 6 | |
7965131229 | Samuel Gompers | Very powerful union leader that focused issues more on higher wages and shorter hours. | 7 |