Term Definition
Child Labor When the industrial revolution started, many families had to find someone to work or they wouldn't survive.
Philanthropy The desire to promote the welfare of others, expressed especially by the generous donation of $ to good causes.
Union (workers) Assembled workers protecting there rights
Monopoly The exclusive possession or control of the supply or trade in a commodity or service
Transcontinental Railroad A continuous network of railroad tracked that causes a continental land mass with terminals at different oceans or continental borders.
Anti-Trust Acts To stop monopolies & to make it illegal fro competitors to make agreements with each other that would limit competition
Thomas Edison Thomas Alva Edison was an American inventor and businessman, who has been described as America's greatest inventor.
Gospel Of Wealth "Wealth", more commonly known as "The Gospel of Wealth", is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self-made rich.
Interstate Commerce Act of 1887 a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
Alexander Graham Bell Alexander Graham Bell was a Scottish-born scientist, inventor, engineer, and innovator who is credited with patenting the first practical telephone and founding the American Telephone and Telegraph Company in 1885.
Sherman Anti-Trust Act Sherman Anti-Trust Act (1890) … Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit tr
Bessemer Process a steel-making process, now largely superseded, in which carbon, silicon, and other impurities are removed from molten pig iron by oxidation in a blast of air in a special tilting retort
John D. Rockefeller John Davison Rockefeller Sr. was an American oil industry business magnate and philanthropist. Widely considered the wealthiest American of all time and the richest person in modern history,
Labor Union an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
Chapter 5 Gilded age,

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