INVENTORS

Edison "Invention factory" / Menlo Park, NJ

inventions:

• Bell - first worked with deaf (invented telephone)

others:

• George Eastman: _______________________________

• Christopher Sholes: _____________________________

• Louis Sullivan (chap. 20): ________________________________

• (first was ______________ Building in St. Louis)

• John & Washington Roebling (chap. 20): ________________________________________

etc....

SCIENCE & AGRICULTURE

George Washington Carver (he was a ________________________ )

• gave up personal gain to serve

• (professor at Booker T. Washington's ________________ _________________ )

• Taught self to read/write (from the Blue-Backed Speller!!)

• peanuts- important to South because of Carver

• ___________ depleted soil

• ___________ nourished soil

• Carver needed to "sell" farmers on the idea of growing peanuts

• found _____ uses for peanut

• ____________ became 2nd most important cash crop in South

• Crop ________________ , contour _______________, inorganic fertilizers (!?!?!)

• Result: increased productivity (and economic growth)

ENTREPRENEURS:

name: _______________________ - Carnegie Steel Corp.

(bobbin boy/messenger/telegraph operator/RR executive assistant/RR executive/iron & steel man/philanthropist)

• observed _________________ 's techniques to make steel inexpensively

• sold holdings to ______________________ who founded US Steel (as in Pittsburg Steelers)

• giving:

_____________ to churches

financed _____________

benefactor of _____________ ______________

name: _______________________ - Standard Oil (now Exxon)

(another hard worker climbing the ladder from the bottom, also philanthropist later in life)

• undercut competition by selling at a ____________

• RR _________________

TERMS!!! Memorize...

lassiez-faire: ______________________________________________________________________

Capitalism (or ___________ ______________________ ): _____________________________________________________________________________

socialism: __________________________________________________________________________

monopoly: __________________________________________________________________________

trusts/pools: _________________________________________________________________________

corporation: _________________________________________________________________________

stockholder: _________________________________________________________________________

capital: ____________________________________________________________________________

dividends: __________________________________________________________________________

philanthropy :_________________________________________________________________________

first precedents of increasing government regulation of private business:

• Granger Laws: _______________________________________________________________________

• ICC (Interstate Commerce Commission): _______________________________________________________________________

• Sherman Antitrust Act: _______________________________________________________________________