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p6

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For today's entrepreneurs it is harder to create something that will be more successful than the products of the Gilded Age because Gilded Age entrepreneurs monopolized basic products that are very useful. Today you would have to come up with something that has an importance like steel and oil in order to be supper successful. However all those basic necessities already exist so it is more difficult for today entrepreneurs.

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Why are so many of the richest Americans from the Gilded Age?
The wealth of America was distributed to less people in the Gilded Age. Less people had the opportunity to acquire any percent of wealth. That meant that those who did make it to the top got a large portion of America's wealth. Today everyone has the opportunity to get an education and invest in something that they make them successful. However that means their is more competition and no one will be able to exceed the success of those of the Gilded Age.

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When smaller companies join into one big company. Social Darwinism is connected to this idea because basically the most successful people and businesses are the ones that will be able to control everything and make a lot of money. Bigger companies eliminated their competition through this practice.

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Multinationals are companies and corporations running in several countries. This is relevant to the Gilded Age because many entrepreneurs expanded their businesses to different countries to make more money and more business. For example oil refinery was the first multinational business in America.

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The operation or planning of economic and foreign policy on a global basis.
An example go this from the Gilded Age is all the new inventions that caused the progression of America today. Governments promoted competition, introduced progressive taxation and wove the first threads of a social safety net.

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Freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance.

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The possession or control of supply or trade gaining a person or company a lot of money and control.
this is relevant to the Gilded Age because they people like Carnegie and Rockefeller had monopolies of their own. This resulted in them having a huge impact on society and the economy.

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concern for human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes.
This is relevant to the Gilded Age because philanthropists gave a lot of money to make society better. Many philanthropists were rich people from the Gilded Age.

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This process involved expanding production process so you can decrease the price of your product and decrease the involvement of other companies and people.
This is relevant to the gilded age because Rockefeller wanted to lower the prices of his oil so he made a pipe that transported it, which caused him to no longer need Carnegie's transportation. Now he owned every aspect of the oil from start to finish, therefore monopolizing it.

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This is when a politician or public official is sought to be influenced on a certain issue. This can cause people in government to create legislation that supports what the lobbyist wants.
This is relevant to the Gilded Age because a Gilded Age persona such as Sam Ward used lobbying to reach success. He held festive dinners and invited top people that met his interest of business and need.

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An organizational structure that gives control over several business firms, usually in the same industry, to a single board of trustees with the purpose of monopolizing a market
This is relevant to the Gilded Age because

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The process of a company used to increase production of goods or services to increase economic success. The process can lead to monopoly if a company gets a great majority of the market for that product or service.
This is important because influential Gilded Age personas such as John D. Rockefeller used this process to establish a monopoly over one aspect of the oil business and essentially gained him 90% control over all oil. .He did this by buying out all the businesses that could no longer compete with him.