Thing that supported growing companies during time of growth communications Person that developed process to make steel Henry Bessemer Thing that supported trade across oceans new steam engine `year`: `person` makes first Oil well in Pennsylvania year: 1859 person: George Bissell Person that developed 4-stroke engine Nicolaus Otto Year when ford makes car 1895 Year when Wrights make flight 1903 Thing critical to assembly line interchangeable parts People that merged railroads to make giants Cornelius Vanderbilt James Hill Collis Huntington Development of modern corporation relied on what stocks Thing where multiple businesses doing same thing combine horizontal integration Thing where business buys businesses it relies vertical integration Person that did vertical integration carnegie Who consolidates oil both vertically and horizontally, becoming a symbol of monopoly (considered good) rockefeller Person that introduces idea of trust where corporations sell themselves to get profits of whole trust jp morgan Development that allowed companies to buy other companies holding companies Andrew Carnegie writes book called what about how rich should help poor The Gospel of Wealth Original person that gives lecture about how anyone can become rich Russell Conwell Person that writes hundreds of rags to riches novels, spreading the idea Horatio Alger Novel that shows female ambition Little Women Book that claims government can fix monopolies and that will benefit everyone Dynamic Sociology When did erratic economy start with recessions every 5 years 1873 First national labor conflict railroad strike of 1877 Union for all people that work knights of labor Organization for skilled laborers called `name`, striked nationally on `year` name: AFL year: 1886 Strike of steelworkers where workers fight and initially win but lose to military, union loses power homestead strike Strike in Chicago of car and rail workers where state government won't step in so national government comes in and stops it pullman strike Person that led the car workers to collaborate with the rail workers to strike the car company Eugene Debs Reason why unions didn't work in late 1800s corporations too powerful Idea used to support wealthy capitalists social darwinism Idea that workers need to become interchangeable and managers need to be scientific in early 1800s (eventually led to assembly line) taylorism Oil company of rockefeller standard oil Labor unions that used violence, made unions less popular molly maguires Bomb thrown during what strike led to unions being less popular haymarket bombing Benefit of stocks limited liability