US. History Gilded Age

Robber Baron

Wealthy U.S. people who used up or took advantage of natural resources to make a lot of money.

The Bessemer Process

The Bessemer Process was a new way of making steel quickly and cheaplier during the Industrial Revolution.

Light Bulb

An imporoved technology developed by Thomas Edison in the late 1879 for practical and commercially useful

Homestead Act

An act passed in 1862 providing settlers with 160 acres of land at no cost. Settlers were required to live on the property and make improvements to it.

Andrew Carnegie

An entrepreneur. He builded Carnegie Steel in 1870s and used vertical integration to control different stages of production. he believed wealthy people had a responsibility to use their money to help socielty. he donated libraries, education, and organizations. He wrote The Gospel of Wealth in 1889

John D. Rockefeller

Became extremely wealthy and powerful entrepreneur through Oil Industry. He founded Standart Oil in 1870 and used horizontal integration to buy or combinr with competing oil companies. He donated to education, medicine, science, and universities.

Cornelius Vanderbilt

An Entrepreneur and industrialist who made money in the steamboat business before becoming railroad businessmen. He made Central Railroad in New York around 1860s. He donated 1 million to university in Tennesse.