US History STAAR EOC 11th Grade Questions latest solution

Gilded Age - 1870s - 1890s; time period looked good on the outside, despite the corrupt politics and growing gap between the rich and poor Technological (Second Industrial) Revolution - based on steel, railroads, electricity, oil-based products Alexander Graham Bell - He was an American inventor who was responsible for developing the telephone. Thomas Edison - American inventor best known for inventing the electric light bulb, acoustic recording on wax cylinders, and motion pictures. Telephone - A device that converts sound into electrical signals that can be transmitted over distances. Invented by Alexander Graham Bell. Free Enterprise System - An economic system in which people are free to operate their businesses as they see fit, with little government interference. Laissez-Faire - No government intervention in business. Corporation - A business that is owned by many investors. Bessemer process - A process for making steel more efficiently, patented in 1856. Entrepreneurship - Accepting the risk of starting and running a business. Monopoly - A market in which there are many buyers but only one seller. Andrew Carnegie - A business man that increased his power through by gaining control of the many different businesses that make up all phases of steel production development. John Rockefeller - Creator of the Standard Oil Company who made a fortune on it and joined with competing companies in trust agreements that in other words made an amazing monopoly.