The Triumph of the Industry

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The Triumph of the Industry by Mind Map: The Triumph of the Industry

1. Josephine Cocharn

1.1. First "automatic" dishwasher

2. America's second industrial revolution

2.1. Emergene of National Market

2.2. Technological Innovation

2.2.1. Bessemer Process

2.2.2. Telephone

2.2.3. Telegraph

2.3. Rise of Corporation

2.4. Contributions of Entrepreneurs

3. Spread of railways

3.1. Provided cheaper transportation costs for carrying raw materials and finished goods

3.2. Provided stimulus to iron, coal, and steel industries

3.3. Forged a National Market

4. Key Industries

4.1. Steel

4.1.1. Bessemer Process Andrew Carnegie adopted bessemer process to build large steel work

4.2. Communications

4.2.1. Telegraph Samuel Morse

4.2.2. Telephone Alexander Graham Bell

4.2.3. Transatlantic Cable Cyrus Field

4.3. Electricity

4.3.1. Thomas Edison Phonograph Electric Light Bulb Motion Pictures Improved Battery

4.3.2. Nicola Tesla Alternating Current

4.4. Oil

4.4.1. Edwin Drake First Oil Drilled

4.4.2. John Rockefler Standard Oil Company

4.5. Transportation

4.5.1. Internal Combustion engine

4.5.2. Henry ford Reduced Costs

4.5.3. Wilbur & Oriville Wright Airplane

4.5.4. Henry Flagler Florida East Coast Railway

5. African-American and Women Inventors

5.1. Elijah McCoy

5.1.1. Oil-drip cup for trains

5.2. Sarah Goode

5.2.1. Fold-away bed

5.3. Garett Jordan

5.3.1. Breathing apparatus for use by firemen; a patent for a traffic signal

5.4. Lewis Howard Latimer

5.4.1. New process for making carbon filaments in light bulbs

5.5. Jan Ernst Metzelinder

5.5.1. Machine for attaching soles to shoes

5.6. Madam C. J. Walker

5.6.1. Hair-care products, especially for African-American women

5.7. Granville Wood

5.7.1. Multiplex Telegraph

6. "Captains of the Industry"

6.1. Andrew Carnegie (steel)

6.1.1. Steel

6.2. John D. Rockefeler

6.2.1. Oil Refining

6.3. John Pierpont Morgan

6.3.1. Financier

7. Invention vs. Innovation

7.1. Invention: to design something new

7.2. Innovation: to apply pr adopt new machines, process and/or products

8. New Business Practices

8.1. Advantages of large companies

8.1.1. Economic of scale

8.1.2. Cheaper sources of supply

8.1.3. More efficient management

8.2. Dangers of Monopoly

8.2.1. Less incentive to improve

8.2.2. Monopolists can over-charge consumers

8.3. Forms of business consolidation

8.3.1. Pooling agreement; trust; holding company

9. U.S. Supreme Court Cases

9.1. Munn v. Illnois

9.1.1. State governments can regulate grain elevators

9.2. Wabash c. illinois

9.2.1. State governments cannot regulate interstate railroads

10. Federal Laws Regulating buisness

10.1. Interstate commerice

10.2. Sherman Antrtrust

11. Factors behind economic growth

11.1. Abundant Natural Resources

11.2. Legacy of First Industrial Revolution

11.3. Role of Government

11.4. Stimulus of Civil War

12. Makers of This MindMeister

12.1. Rolando Barrios

12.2. Sloane Gomez

12.3. Soleil Lobato

12.4. Jeffry Vazquez