vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| consolidation | the practice of separate companies into one
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| Standard gauge | the uniform width of 4 feet, 8.5 inches for Railroad tracks, adopted in 1880's
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| Railroad baron | aggressive and competitive businessmen who played an important part in building the nation's transportation system
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| Assembly line | a production system with machinesand workers arranged so that each person performs an assigned task again and again as the item passes before him or her, invented by Henry Ford
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| Mass production | the production of large quantities of good using machines and often an assembly line
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| Model T | first vehicle to become mass produced for anyone to buy at a lower cost than others
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| corporation | a business in which investors won shares
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| stock | shares of wonership a company sells in its business which often carry a voting power
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| trust | a combination of firms or corporations formed by a legal agreement, especially to reduce competition
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| shareholder | a person who invests in a corporation by buying stock, is a partial owner
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| monopoly | total control of a type of industry by one person or one company
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| vertical integration | the combining of companies that supply equipment and services needed for a particular industry
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| philanthropy | charitable acts or gifts of money to benefit the community
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| sweatshop | a shop or factory where workders work long hours at low wages under unhealthy conditions
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| trade union | organization of workers with the same trade or skill
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| strike breaker | person hired to replace a striking worker in order to break up the strike
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