Terms list - First and Second Industrialization 1(F...

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First and Second Industrialization 1. (F) Industrialization : the development of industry on an extensive scale. the process of social and economic change whereby a human group is transformed from a pre-industrial society into an industrial one 2. (F) Cornelius Vanderbilt : United States financier who accumulated great wealth from railroad and shipping businesses 3. (F) Bessemer Process : an industrial process for making steel using a Bessemer converter to blast air through molten iron and thus burning the excess carbon and impurities; the first successful method of making steel in quantity at low cost 4. (F) Andrew Carnegie : : United States industrialist and philanthropist who endowed education and public libraries and research trusts 5. (F) John D. Rockefeller : an American industrialist. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870, he founded the Standard Oil Company and aggressively ran it until he
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Terms list - First and Second Industrialization 1(F...

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