Gilded age Flashcards

1
Q

Trust

A

One company grands ownership of its business to another through stock

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2
Q

Syndicate

A

A group of people with a single purpose

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3
Q

Patrician

A

A nobleman or aristocrat. The upper class (1%)

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4
Q

Social Darwinism

A

Those who believe that the economy should reflect “survival of the richest” where the rich are favored by God and the poor have no money through some fault of their own.

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5
Q

Socialist

A

Someone who believes in economic equality.

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6
Q

Lockout

A

The business owners lock out the employees that are rising against them and don’t let them return

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7
Q

Anarchists

A

Someone who seeks to rise up against the generally accepted norm

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8
Q

Thomas Edison

A

Inventor and businessman

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9
Q

Carnegie

A

A robber baron who had a monopoly on business. He was extremely wealthy

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10
Q

Rockefeller

A

A social Darwinist who believed the rich were favored by God

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11
Q

Gompers

A

A cigar maker who became a union leader

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12
Q

Free enterprise

A

Businesses compete with little restriction from the government

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