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Came up with opligopoly, Monopoly, and Cartel. Its historical importance is if we didnt come up with these then we wouldnt have as structured companies we have in America.
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Henry Besseer came up with melting iron, adding carbon and removing impurities this made it much easier to and cheaper to remove impurities. Its historical importance is if he didnt think of that then we would have spent more than we needed on railroads
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Samuel F.B. Morse the inventor of the telegraph sent his first message in 1844. Its importance because we wouldnt have such advanced technology as we do now.
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Pennsylvania Rock oil company sent Edwin L. Drake to dill oil in Tuitsville, Pennsylvania. Its historical importance is that they used the drill to get oil other than waiting for it to come to the surface of the earth
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Edwin L. Drake came up with horizontal consolidation and Vertical Consolidation. Its historicial importance is if he didnt America would probably be a mess and not be as structured as we are toda.
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The transcontinental railroad reached the East Coast to the Mississippi River. Its historical importance is that if they didnt make this then we probably wouldnt have trains or underground subways.
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Andrew Carnagie was the man who founded the first steel plants to use the Bessemer Process. Its historical importance is if he didnt invest in that then we probably wouldnt be advanced as we are today.
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He came up with the standard Oil Company. Its historical Importance is if he didnt come up with this then we would have the oil companies we have today.
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The only way to travel between Brooklyn to Manhattan in the 1870s. Its historical importance is that its a very big deal for people during that time periods
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The first commercial telephone exchange began serving 21 customers. Its historical importance is that if they didnt invent this then we wouldnt have cellphones or new telephones today.
