WHAP 5.7

• corporations formed to minimize risk: charted by government as a legal entity owned by stockowners
• monopoly: control of specific business and elimination of all competition
• Bessemer process: German, eff way to produce steel
• railroad tech: extracting as many resoucres as possible form subject lands while paying laborers as little as possible
• transnational: companies gained wealth and influence new scale
• banks- reliable place for $
• marine insurance
• Culture of consumerism: leisure, living standards rose middle class
• Industrial enviroment- material goods and leisure entertainment- escape
• Commercialization of public culture: commodities for wide range of social classes- aim to lower classes to see more civilized behavior to emulate it