Test Answers on Chapter 5 – Flashcard
Flashcard maker : Noel Macdonald
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Thomas Edison
definition
Us inventor-phonograph and incandescent electric light and the microscope and kinetescope
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Bessemer process
definition
First inexpensive industral process for mass production of steel from which impurities are removed by forcing a blast of air through molten iron
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Andrew Carnegie gospel of wealth
definition
An article written by Andrew in June of 1889 that describes responsiblity of philanthropy by the new class of self made rich
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John D. Rockefeller
definition
American business man in late 19th century, found of he standard oil company.
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Interstate Commerc act of 1887
definition
Us federal law designed to regulate railroad industry, particularly it monopolistic practices. Reasonable rates.
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Alexander Graham bell
definition
Scottish scientist, inventor, engineer, credited with patenting 1st telephone and founding american telephone and telegraph and telegraph company in 1885
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Philanthropy
definition
Desire to promote welfare of others, expressed especially by generous donations to good causes
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Union
definition
The action or thoughts of
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Monopoly
definition
Exclusive possession or control of the supply or trade is a commodity or
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Transcontinental railroad
definition
Train route acres the US finished in 1819, project of companies = union pacific built from east central pacific built to west, Met inUtah
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Anti trust acts
definition
Passed by Congress in 1890 prohibits monopolies are unreasonable
