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chapter 5

QuestionAnswer
Child labor The use of children in industry or business, especially when illegal or considered inhumane.
Union An organized association of workers formed to protect and further their rights and interests; a labor union,.
Monopoly The exclusive possession or control of the supply or trade in a commodity on service.
Philanthropy Altruistic concern for human welfare and advancement, usually manifested by donations of money, property or work to needy person.
Transcontinental R-R A train route across the United States, finished in 1869. It was the project of two railroad companies: the Union Pacific built from the east, and the Central Pacific built from the west. The two lines met in Utah.
Anti-trust acts Was the first federal act that outlawed monopolistic business practices.
Thomas Edison He was an american inventor and business ma, who has been described as America's greatest inventor.
Bessemer process Was the first inexpensive industrial process for the mass production of steel from molten pig iron.
Andrew Carnegie's GOSPEL OF WEALTH It's 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.
John D. Rockefeller Was an american oil industry business magnate and philanthropist.
Interstate commerce act of 1887 It's a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.
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.
Created by: Daynor bejarano