U.S. History - Chapter 5 - Entrepreneurship And Philanthropy

a person or small group who starts a business in the hope of making a profit

the period from 1865 to 1900 where big businessmen made large profits and lived lavish lifestyles while high poverty existed

term used to describe big businessmen positively for promoting the modern industrial economy

term used to describe big businessmen negatively for using ruthless tactics to destroy competition and keeping workers' wages low

Scottish immigrant who made a fortune by selling iron and steel out of the largest steel mill in the nation located in Pittsburgh

acts of charity usually in the form of monetary donations to schools or the arts

owner of the Standard Oil Company who made a fortune by monopolizing and controlling 90% the refining of oil in the United States

a company having complete control over the supply of a product or service

federal law which prohibited unfair practices by railroads, such as charging higher rates for shorter routes

federal law which attempted to stop monopolies engaging in unfair practices that prevented fair competition