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Industrialization

Social Studies 8 Gambitta

TermDefinition
Corporation A business owned by many investors
Monopoly When a company controls 95% of the business in one industry
Mass Production Items are made (produced) faster and cheaper
Rate Wars When railroads slash (drop) their prices (fares) to win customers
Free Enterprise System When private citizens own a nation's businesses
Vertical Integration When someone takes complete control of an industry. Example: Steel Industry: Iron ore mining to the shipping finished steel
Stocks Shares of a business owned by investors
Dividend When an investor in a company receives a share (portion) of a company's profits
Sherman Anti-Trust Act Banned the formation of trusts and monopolies
Assembly Line Henry Ford was the first to use this process to make cars
Created by: carozza