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Industrialization

Vocabulary-Root and Gambitta

QuestionAnswer
A business owned by many investors corporation
When a company controls 95% of the business in one industry monopoly
Process that produces many items quicker and cheaper mass production
When businesses lower prices to win customers competition
When private citizens own a nation's businesses free enterprise system
Having control of an industry, from the raw materials to the finished product vertical integration
Shares of a business owned by investors stocks
When an investor in a company receives a share of the profits dividends
Discounts given to customers of railroads who shipped large loads rebates
Process that made steel production cheaper Bessemer Process
What banned the formation of trusts and monopolies? Sherman Antitrust Act
What is a license for a new invention? patent
An arrangement of machines and workers in which work passes from operation to operation in direct line until the product is assembled Assembly Line
Created by: carozza