Vocabulary & Concepts: Rise of Industry - Carnegie
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This worksheet explores key vocabulary and concepts related to Andrew Carnegie and the rise of industry in America, helping students understand the key ideas and historical significance.
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Vocabulary & Concepts: Rise of Industry - Carnegie
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Vocabulary and Key Concepts
Carnegie: An American industrialist who led the expansion of the steel industry in the late 19th century.
Steel Industry: The industry involved in producing steel, which was vital for building infrastructure, railroads, and machinery.
Vertical Integration: A business strategy where a company controls multiple stages of production, from raw materials to final product.
Gospel of Wealth: The idea that wealthy individuals have a moral obligation to use their wealth to benefit society.
Monopoly: Complete control over a market or industry by a single business or group.
Philanthropy: The desire to promote the welfare of others through generous donations of money, resources, or time.
Robber Barons: A term used to criticize powerful industrialists like Carnegie, accusing them of unethical business practices and exploiting workers.
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- Created
- 1/1/2026
- Updated
- 1/1/2026
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