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Ch 5 Vocab

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Question
Answer
Child Labor   The use of children in industry of business especially when illegal or considered inhumane  
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Union   An organized of workers formed to protect and further their rights and interest a labor union  
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Transcontinental railroad   A train route across the US finished in 1869  
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Monolopy   The exclusive possession or control of the supply or trade in commodity or service  
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Philanthropy   The desire to promote the welfare of other expressed especially by the generous donation of money to a good cause  
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Anti-Trust Act   Prohibiting any contract, conspiracy or combination of business interest in restraint  
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Thomas Eddison   American inventor and businessman, who was described as America's greatest inventor  
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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  
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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  
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John D. Rockefeller   American oil industry business magnate and philanthropist  
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Interstate Commerce Act of 1887   US federal that was designed to regulate the railroad industry, particularly it's monopolistic practices  
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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  
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