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Social Unit 3 Vocab

Industrialization and Immigration Vocabulary

QuestionAnswer
Corporation Business that is owned by investors.
Stock Share of ownership in a corporation.
Trust Group of corporations run by a single board of directors.
Monopoly A company or group having control of all businesses in an industry.
Free Enterprise System Economic system in which private citizens own businesses and government has little control.
Sherman Anti-Trust Act An 1890 law that banned trusts.
Mass Production Process of making large quantities of products quickly and cheaply.
Sweatshop Workplace where people work long hours in poor conditions for low pay.
Strikebreaker Replacement worker for striking workers.
Collective Bargaining Process by which a union representing a group of workers negotiates with management for a contract.
Created by: VelardeA
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