Ch 24 Us History Flashcards
Trust
relationship whereby property is held by one party for the benefit of another.
syndicate
a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations:
patrician
An aristocrat or nobleman
Social Darwinist
a modern name given to various theories of society that emerged in the United Kingdom, North America, and Western Europe in the 1870s, which claim to apply biological concepts of natural selection and survival of the fittest to sociology and politics.
socialists
A person who practices socialism
lockout
a temporary work stoppage or denial of employment initiated by the management of a company during a labor dispute.
Anarchist
a person who rebels against any authority, established order, or ruling power.
Thomas Alva Edison
American inventor and businessman
Andrew Carnegie
a Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century
John d Rockefeller
an American business magnate and philanthropist. He was a co-founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
Samuel Gompers
an English-born American cigar maker who became a Georgist labor union leader and a key figure in American labor history.
Free enterprise
The freedom of private businesses to operate competitively for profit with minimal governmental regulation.
