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chapter 5
Question | Answer |
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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. |