Gilded Age Vocabulary 9/13/23

Made his money through steel, wrote "The Gospel of Wealth" and made libraries and schools. Ladders to rise up! (a)  

• Andrew Carnegie
• Standard Oil Company
• 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 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

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

Railroads industry-

• Provided Farmers access to distant markets, allowed Americans to settle the West. The railroad industry will be monopolized by Cornelius Vanderbilt.

• companies that were engaged in producing, refining, and marketing oil were combined in the Standard Oil Trust; Oil industry monopolized by John D. Rockefeller.

electricity-

• made manufacturing more efficient; light bulb led to more hours of work= more production

• Provided Farmers access to distant markets, allowed Americans to settle the West. The railroad industry will be monopolized by Cornelius Vanderbilt.

• companies that were engaged in producing, refining, and marketing oil were combined in the Standard Oil Trust; Oil industry monopolized by John D. Rockefeller.

• An example of big business that was made possible by Captain of Industry Andrew Carnegie. It helped fuel industrialism in America and the manufacturing center was Pittsburgh.

Worker organizations who tried to collectively bargain for better pay and working conditions. PROTECT WORKERS INTERESTS.

• Labor Unions

• Monopoly

• Political Machine

• Free Enterprise System

The Homestead Act (1862) promoted the development of western lands by -

• creating a system of dams for crop irrigation

• providing land grants for $10 to settlers

• removing all restrictions on immigration

• Moving Native American Indians to reservations