Business Leaders
This man became America's first billionaire by dominating the oil refining business
John Rockefeller
A term for when one company controls an entire industry and eliminates competition
Monopoly or Trust
The belief that successful people got that way because they were inherently better than or more talented than others
Social Darwinism
This man used the Bessemer Process to mass produce steel
Andrew Carnegie
A term used for controlling every step in the manufacturing process
Vertical Integration
When Andrew Carnegie stated, “The man who dies rich, dies disgraced,” he was supporting:
The Gospel of Wealth
Cornelius Vanderbilt
The term used to define the first railway connecting the East coast to the West coast
Transcontinental Railroad
A belief that anyone could get ahead in America through hard work and a lucky break "pluck and luck"
Algerism
A wealthy banker who's Northern Securities Railroad Trust was targeted by Roosevelt
JP Morgan
Term used to describe arrangements between railroad companies to control shipping rates
Pools
The belief that he government should not interfere with businesses was called
Laissez Faire
A negative term or nickname for wealthy industrialists like Rockefeller, Morgan, and Carnegie that made it sound like they stole from the people
Robber Barons
Sherman Antitrust Act
Theodore Roosevelt