the degree to which resources are being used efficiently to produce goods and services
the doctrine that government should not interfere in commercial affairs
a government payment that supports a business or market
Standard Oil Company
Combination of two or more companies into a single firm
Union Pacific Railroad
(USG) , railroad that started in Omaha, Nebraska and it connected with the Central Pacific Railroad in Promentary Point, Utah; hired Chinese immigrants
Central Pacific Railroad
The California-based railroad company, headed by Leland Stanfor, that employed Chinese laborers in building lines across the mountains
Completed in 1869 at Promontory, Utah, it linked the eastern railroad system with California's railroad system, revolutionizing transportation in the west.
Promontory Point, Utah
where the Union Pacific and Central Pacific railroads met; joined the railroads to create America's first transcontinental railroad
He was a Revered and a staunch advocate of Social Darwinism. He helped the justification of the rich and the need to not help the poor in his "Acres of Diamonds" lecture.
Acres of Diamonds
The lecture that advocated Social Darwinism and justified the rich being rich and the poor being poor saying that anyone should be able to make their own fortunes.
American financier of the Central Pacific Railroad (built 1863-1869) and founder of Stanford University (1885).
One of the Big Four with Leland Stanford, he was involved in both railroads and shipping. He founded Newport news Shipping, the largest privately owned shipyard in the US
inventor of light bulb, motion picture camera
Wizard of Menlo Park
nickname for Thomas Edison
Gospel of Wealth
the belief that those entrusted with societys riches had to prove themselves morally responsible