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Ch.19 Vocab
Social Studies Vocab
Term | Definition |
---|---|
rebate | a discount or deduction on a sum of money due |
pool | a group of sharing in some activity, for example,among railroads barons who made secret agreements and set rates among themselves |
assembly line | a production system with machines and workers arranged so that each person performs an assigned task again and again as the item passes before him or her |
mass production | a production of large quantities of goods using using machinery and often an assembly line |
stock | shares ownership a company sells in its business which often carry voting power |
shareholder | a person who invests in a cooperation by buying stock and is a partial owner |
trust | a combination of firms or corporations formed by a legal agreement, especially to reduce competition |
monopoly | total control of a type of industry by one person or one company |
philanthropy | charitable acts or gifts of money to benefit the community |
merger | the combining of two or more businesses into one |
sweat shop | a shop or factory where workers work long hours at low wages under unhealthy conditions |
Trade union | organization of workers with the same trade or skill |
Strike breaker | person hired to replace a striking worker in order to break up the strike |
injuction | a court order to stop an action, such as a strike |
consolidation | to bring together |