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2nd Industrial Revolution vocab review
| Questions |
Answers |
| economic system in which most businesses are privately owned |
capitalism |
| risk taker who starts a new business |
entrepreneur |
| belief that stronger people, businesses, and nations survive, and weaker ones fail |
social Darwinism |
| business leader who made a fortune in railroads |
Vanderbilt |
| Business leader who controlled most of the oil industry in the U.S. |
Rockefeller |
| largest steel tycoon in the U.S. at the end of the 1800s |
Carnegie |
| type of capitalism in which overnment does not interfere in private business |
laissez faire |
