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Ch 5 Vocab
Question | Answer |
---|---|
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 |