Bott and Tu do this completely, in the de Rham theoretic setting of course.
Here's an alternate proof I plan to use in singular theory next time I teach this material, which I find slightly more direct than using Thom classes (which require the tubular neighborhood theorem, etc):
Definition: Given a collection S=Wi of submanifolds of a manifold X, define the smooth chain complex transverse to S, denoted CS∗(X), by using the subgroups of the singular chain groups in which the basis chains DeltantoX are smooth and transverse to all of the Wi.
Lemma: The inclusion CS∗(X)toC∗(X) is a quasi-isomorophism, for any such collection S.
Now if WinS then "count of intersection with W" gives a perfectly well-defined element tauW of
rmHom(CS∗(X),A) and thus by this quasi-isomorphism a well-defined cocycle if the W is proper and has no boundary. It is immediate that this cocycle evaluates on cycles which are represented by closed submanifolds through intersection count.
It is also not hard (but takes a bit to work out all the details) to show that the cup product of these cochains (when the submanifolds intersect transversally) is given by the intersection class of their intersection - we compute on the chains which intersect all of W, V and WcapV transversally and reduce to linear settings. Consider for example W the x-axis in the plane, V with y-axis, and then various 2-simplices can contain the origin (or not) and have various faces which intersect the axes (or not) all consistent with the formula for cup product.
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