Inventors and Big Business Review

Inventors and Big Business Review

Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.

Describe inventions of Edison and their effect on US:
The light bulb, he made it affordable for homes in 1880
He also made a phonograph that takes pictures and the first motion picture.

Describe inventions of other such as Bell, Bessemer, and Marconi: 1896, Marconi invents wireless telegraph which leads to radio
1850’s Bessemer of England develops steel which leads to skyscrapers and suspension

Describe how big business tried to maximize profit:
Workers and small business owners came to feel trust, monopolies, and cartels had an unfair advantage.

Describe how Rockefeller and Carnegie changed big business in the US:
Rockefeller used integration to maximize profits making one giant company.
Carnegie also used vertical integration which was lowering production cost by gaining control of all businesses that went into finished product development

Describe how the gov regulated big business:
Congress created interstate commerce commission which investigated unfairness in railroad industry.