U.S. History Ch. 4-7 Test

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Laissez-faire

Back

"hands off" approach

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First Amendment

Back

protects freedom of religion, speech, press, and assembly

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Bessemer Process

Back

a way to manufacture steel quickly and cheaply

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Transcontinental Railroad

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it linked the eastern railroad system with California's railroad system, revolutionizing transportation in the west

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Gilded Age

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A name for the late 1800s, coined by Mark Twain to describe the tremendous increase in wealth caused by the industrial age and the ostentatious lifestyles it allowed the very rich

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Captain of Industry

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business leader who contributed to the country while gaining their fortune.

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Andrew Carnegie

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Industrialist who made a fortune in steel in the late 1800s through vertical consolidation; as a philanthropist, he gave away $350 million as part of his Gospel of Wealth

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John D. Rockefeller

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American industrialist and philanthropist, most famous for founding the Standard Oil Company, which dominated the oil industry and became one of the first major business trusts in the United States

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Monopoly

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Complete control of a product or business by one person or group

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Interstate Commerce Act

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This federal law prohibited unfair practices by railroads, such as charging higher rates for shorter routes.