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Ch.19 Vocab

Social Studies Vocab

TermDefinition
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
Created by: jacob.barre0703