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Ch 5 Vocab

QuestionAnswer
Child Labor The use of children in industry of business especially when illegal or considered inhumane
Union An organized of workers formed to protect and further their rights and interest a labor union
Transcontinental railroad A train route across the US finished in 1869
Monolopy The exclusive possession or control of the supply or trade in commodity or service
Philanthropy The desire to promote the welfare of other expressed especially by the generous donation of money to a good cause
Anti-Trust Act Prohibiting any contract, conspiracy or combination of business interest in restraint
Thomas Eddison American inventor and businessman, who was described as America's greatest inventor
Bessemer Process A steel-making process, in which carbon, silicon and other impurities are removed from molten big iron by oxidation in a blast of air
Andrew Carnegie's Gospel of Wealth Book written by Carnegie in June 1889 that describes the responsibility of Philanthropy by the new upper class self-made rich
John D. Rockefeller American oil industry business magnate and philanthropist
Interstate Commerce Act of 1887 US federal that was designed to regulate the railroad industry, particularly it's monopolistic practices
Alexander Graham Bell Scotish- born scientist, inventor, engineer, and inavator who created the first practical telephone and founding the American telephone & telegraph company in 1885
Created by: yuliiissag