Gilded Age
term for when a business controls an entire industry and has no competition
a monopoly
Andrew Carnegie
steel
telephone
allowed factories to stay open late, allowing for industry and productivity to increase
light bulb
"Robber Barons"
John D Rockefeller
oil
light bulb
allowed people to communicate over longer distances, information and ideas could be spread faster
telephone
What term means "unequal distribution of wealth and power among people"- rich people got rich, poor people stayed poor?
economic disparity
Cornelius Vanderbilt
railroad
George Washington Carver
came up with the idea of crop rotation, invented over 300 products with peanuts
replenished nutrients in soil
Why did Mark Twain describe the US as the "Gilded Age"?
while things looked good in the US, there was a lot of poverty and corruption
JP Morgan
banking
Henry Ford
Model T automobile
assembly line