Gilded age Flashcards
Trust
One company grands ownership of its business to another through stock
Syndicate
A group of people with a single purpose
Patrician
A nobleman or aristocrat. The upper class (1%)
Social Darwinism
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.
Socialist
Someone who believes in economic equality.
Lockout
The business owners lock out the employees that are rising against them and don’t let them return
Anarchists
Someone who seeks to rise up against the generally accepted norm
Thomas Edison
Inventor and businessman
Carnegie
A robber baron who had a monopoly on business. He was extremely wealthy
Rockefeller
A social Darwinist who believed the rich were favored by God
Gompers
A cigar maker who became a union leader
Free enterprise
Businesses compete with little restriction from the government