Gilded Age (Vocabulary)

Front

An American businessman who led the expansion of the steel industry in America from the 1870s to the early 1900s and later wrote "The Gospel of Wealth" about the need for the rich to create and donate to charities.

Back

Andrew Carnegie

Front

A governmental policy of interfering in economic affairs as little as possible.

Back

laissez-faire

Front

exclusive control over a service or product on the market.

Back

monopoly

Front

a wealthy and powerful businessperson.

Back

tycoon

Front

A wealthy and powerful American banker who organized many large business mergers beginning in the 1890s.

Back

J. P. Morgan

Front

A very wealthy businessman who founded Standard Oil in 1870; at one point, he controlled 90% of all the oil in the United States.

Back

John D. Rockefeller

Front

to cover in gold.

Back

gild

Front

A 19th-century theory that held that society and groups of people are subject to the same laws of natural selection as animals and plants. It was used to justify racism and colonialism through its belief in racial superiority.

Back

Social Darwinism

Front

a powerful and very rich oil company established in 1870 by John D. Rockefeller; in 1911, the US Supreme Court ruled that it was an illegal monopoly.

Back

Standard Oil Company

Front

An American newspaper publisher who introduced sensational journalism to the papers he owned in the 1880s.

Back

Joseph Pulitzer