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1865-1900 Flashcards

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201949620Thomas EdisonInventor of light bulb, phonograph and numerous other innovations
201949621John RockefellerEstablished the Standard Oil Company, the greatest, wisest, and meanest monopoly known in history
201949622Monopolyexclusive control or possession of something
201949623Laissez Fairethe doctrine that government should not interfere in economic affairs
201949624Deflationa contraction of economic activity resulting in a decline of prices
201949625Operating Costthe expense of maintaining property (e.g., paying property taxes and utilities and insurance)
201949626OmahaStart of Union Pacific Railroad
201949627Range WarsWars between Cattle Drivers and Homesteaders
201949628Homestead Act1862 - provided free land in the west as long as the person would settle there and make improvements in five years
201949629Little Big HornSite of Custer's Last Stand
201949630Andrew CarnegieBuilt a steel mill empire; US STEEL
201949631Reconstructionthe period after the Civil War in the United States when the southern states were reorganized and reintegrated into the Union
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