APUSH AMSCO Review Book Chapters 16-18 Terms with 100% correct answers

Cornelius Vanderbuilt correct answersAmerican business magnate and philanthropist who built his wealth in railroads and shipping. Jay Gould correct answersa leading American railroad developer and speculator. He was long vilified as an archetypal robber baron, whose success at business made him the ninth richest U.S. citizen in history watered stock correct answersan asset with an artificially-inflated value pools correct answersRailroad "this term" were formed in the mid-19th century to "divide and conquer" the rail business by sharing profits and customers. Panic of 1893 correct answersa serious economic depression in the United States that began in that year. JP Morgan correct answersan American financier and banker who dominated corporate finance and industrial consolidation during his time. In 1892, Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. He was instrumental in the creation of the United States Steel Corporation. William Vanderbilt correct answersan American businessman and philanthropist. Second Industrial Revolution correct answersTechnological Revolution, was a phase of the larger Industrial Revolution corresponding to the latter half of the 19th century until World War I. Bessemer Process correct answersthe first inexpensive industrial process for the mass-production of steel from molten pig iron prior to the open hearth furnace.