Terms in this set (15)
Law that attempted to assimilate Native Americans by giving them individual plots of land.
Sparsely populated, undeveloped area on the outskirts of civilization
A business owned by stockholders who share in its profits
Money for investment
Complete control of a product or business by one person or group
Idea that government should play as small a role as possible in economic affairs
An American capitalist who gained their fortune in the late nineteenth century by ruthless means.
Manufacturing process in which each worker does one specialized task in the construction of the final product
The lowest wage that an employer is allowed to pay
Interstate Commerce Commission
Agency that sets the laws for all the companies that do business across state lines, created to regulate railroads
Robber Baron, steel manufacturer, philanthropist, wrote the Gospel of Wealth
John D. Rockefeller
Created Standard Oil Company, used ruthless business tactics (survival of the fittest), philanthropist
Banker who bought out Carnegie Steel and renamed it U.S. Steel. Was one of the "Robber Barons"
Industrialist who headed Ford Motor Company, innovative production methods reduced the cost of producing cars
The belief that only the fittest survive in human political and economic struggle.