ADV 316 Lecture Notes - Lecture 19: Wright Brothers, Gilded Age, Vertical Integration
Document Summary
Once needs are met, more resources so more creative. Breakers mansion, summer home of vanderbilt steamboat line creator/ny. Not just inventions but invention factory in menlo park (people from various disciplines just sitting and thinking) Methodical science plus tons of money from being able to explain ideas well and as progressive made him famous etc. Alexander graham bell from scotland and worked in canada but still, phone lines and. Ford and model t, not invented here but refined by him and taken to new level. Radical ideas like wages, a day much more than average (happy employees is good for him) Similarly didn"t invent assembly line but made it so people didn"t move and put people in best suited jobs. Changed more than maybe anything in america, the car for the common man. Lowell mill vertical integration 100 years earlier started again in deerborne outside. Totally controlled steel process, quality up and prices down.
