Gilded Age Vocabulary

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The Gilded Age

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This period, although tainted by various political schemes, led to the development of many new industries.

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Gospel of Wealth

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book by Andrew Carnegie that argued that the wealthy have an obligation to give something back to society.

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Populism

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the political doctrine that supports the rights and powers of the common people in their struggle with the privileged elite

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Political Machines

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An organized group that controls a political party in a city & offers services to voters & businesses in exchange for political & financial support

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Social Darwinism

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An economic & social philosophy supposedly based on the biologist Charles Darwin’s theory of evolution by natural selection

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Chinese Exclusion Act 1882

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A law that prohibited all Chinese except students, teachers, merchants, tourists and government officials from entering the US

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Sherman Antitrust Act (1890)

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A law that was intended to prevent the creation of monopolies by making it illegal to establish trusts that interfered with free trade

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Industrialization

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the process of social and economic change whereby a human group is transformed from a pre-industrial society into an industrial one

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Businessmen known for their positive contributions to the modern industrial economy

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Captains of Industry

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Thomas Edison

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inventor best known for his invention of the electric light bulb