Chapter 5 vobulary

Term Definition
Child Labor The use of children in industry or business, especially when illegal or considered inhumane.
Union The action or fact of joining or being joined, especially in a political context.
Monopoly The exclusive possession or control of the supply or trade in a commodity or service.
Philanthropy The desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.
Transcontinental R.R. A train route across the United States finished in 1869.
anti-trust Acts Is a landmark federal statute in the history of United States antitrust law passed by congress in 1890.
Thomas Edison Inventor of phonograph, incandescent, electric light, microphone, and kinetoscope.
Bessemer Process A steel-making process, now largely superseded.
Andrew Carnegie's GOSPEL OF WEALTH The responsibility of philanthropy by the new upper class of self made rich.
John D. Rockefeller An American Businessman founder of oil company.
Interstate Commerce Act of 1887 A United States federal law that was designed to regulate the railroad industry, particularly it's monopolistic practices.
Alexander Graham Bell Was a scottish-born scientist, inventor, engineer, and innovator who is credited with patenting founded the American Telephone and Telegraph.