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Chapter 18
Industrilization, Immigration,and Urbanization
6
History
9th Grade
09/08/2010

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Term
Gilded Age
Definition
Title of a Mark Twain Novel
Reflects periods of shallow worship of wealth
Made U.S look golden on the outside, but was just a cover up for poverty, corruption, and scandals
Term
Thomas Edison
Definition
Had a research lab at Menlo Park, New Jersey
Invented first electric light bulb
Built his own power station in New York
Term
Corporations
Definition
Association of individuals with legal rights and liabilities seperate those from it's members
Seperation of ownership and management
Existed since colonial time, but became more successful with the growth of R.R companies
Term
Horizontal Integration
Definition
Merger of competitors in the same industry
Rockefellers standard oil company pioneered horizontal integration
Term
Vertical Integration
Definition
Consolidation of all functions related to a paticular industry, form of extraction and transport or raw materials to the manufacture of products to finish product distribution and sales.
Used this to transport raw meat from the west to the east
Term
Vertical Integration
Definition
Consolidation of all functions related to a paticular industry, form of extraction and transport or raw materials to the manufacture of products to finish product distribution and sales.
Used this to transport raw meat from the west to the east
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