Gilded Age (Vocabulary)

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.

• Standard Oil Company

• Andrew Carnegie

• Joseph Pulitzer

• John D. Rockefeller

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

• J. P. Morgan

• laissez-faire

• monopoly

• Standard Oil

exclusive control over a service or product on the market.

• Standard Oil Company

• monopoly

• tycoon

• JP Morgan

a wealthy and powerful businessperson.

• tycoon

• J. P. Morgan

• Standard Oil Company

• monopoly

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

• J. P. Morgan

• tycoon

• Standard Oil Company

• monopoly

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

• John D. Rockefeller

• Andrew Carnegie

• Standard Oil

• Joseph Pulitzer

to cover in gold.

• gild

• Standard Oil

• tycoon

• monopoly

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.

• Social Darwinism

• monopoly

• J. P. Morgan

• Andrew Carnegie

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.

• tycoon

• Standard Oil Company

• J. P. Morgan

• monopoly

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

• J. P. Morgan

• Andrew Carnegie

• John D. Rockefeller

• Joseph Pulitzer