Gilded Age Vocabulary Quiz

LAISSEZ FAIRE ECONOMICS

• Government does not need to interfere in the affairs of business-- "hands off"

• Development of industry

• Survival of the fittest

• Coined from the Gilded Age

MONOPOLY

• Business owner

• Organized association of workers from the same trade formed to protect and further their rights and interests

• dominating a particular industry for a particular good or service

• Merging of companies that make similar products

GILDED AGE

• Steel baron; philanthropist

• A time period that looked good on the outside despite corrupt politics and a growing gap between the rich and poor

• Government does not interfere in the affairs of business

• Someone who wishes to improve society, usually through large monetary donations

INDUSTRIALIZATION

• People's Party organized during the 1890s to secure political and economic reforms benefitting farmers

• Controlling suppliers, distributors, and transportation needed to produce a product

• Development of industry and specialization of jobs/tasks

• Book written by Andrew Carnegie encouraging philanthropy

LABOR UNION

• Organized association of workers from the same trade formed to protect and further their rights and interests

• Controlling suppliers, distributors, and transportation needed to produce a product

• Coined the term Gilded Age

• Oil Baron; philanthropist

ANDREW CARNEGIE

• Steel Baron; philanthropist

• Oil Baron; philanthropist

• Business owner

• Someone who wishes to improve society, usually through large monetary donations

JOHN D. ROCKEFELLER

• Steel Baron; philanthropist

• Oil Baron; philanthropist

• Coined the term Gilded Age

• Business owner

ENTREPRENEUR

• Business owner

• Someone who wishes to improve society, usually through large monetary donations

• People's Party organized during the 1890s to secure political and economic reforms benefitting farmers

• Survival of the fittest in society/business

PHILANTHROPIST

• Controlling suppliers, distributors, and transportation needed to produce a product

• Merging of companies that make similar products

• Book written by Andrew Carnegie encouraging philanthropy

• Someone who wishes to improve society, usually through large monetary donations

POPULISM

• A political approach that strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.

• People's Party organized during the 1890s to secure political and economic reforms benefitting farmers

• Development of industry

• Survival of the fittest/business