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Gilded age

TermDefinition
Transcontinental railroad transcontinental railroad that would link the United States from east to west.
Homestead act accelerated settlement of U.S. western territory by allowing any American, including freed slaves, to put in a claim for up to 160 free acres of federal land.
Dawes act An Act to Provide for the Allotment of Lands in Severalty to Indians on the Various Reservations
Entrepreneur a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Captain of industry a business leader whose means of amassing a personal fortune contributed positively to the country in some way.
Robber baron a derogatory metaphor of social criticism originally applied to certain late 19th-century American businessmen who were accused of using unscrupulous methods to get rich, or expand their wealth.
Laissez faire an economic system in which transactions between private parties are absent of any form of economic interventionism such as regulation and subsidies.
Sherman antitrust act a United States antitrust law that regulates competition among enterprises that was passed by Congress under the presidency of Benjamin Harrison. It is named for Senator John Sherman, its principal author.
Interstate commerce act a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
Labor union an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
Created by: Felipethemex
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