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S.S. C20 Vocabulary

TermDefinition
trust combination of firms or corporations formed by a legal agreement, esp. to reduce competetion
sweatshop shop or factory where workers work long hours at low wages under unhealthy conditions
strikebreaker person hired to replace a striking worker in order to break up a strike
stock shares of ownership a company sells in its business which often carry voting power
standard gauge 4 feet, 8.5 inches, the distance between rails agreed upon by all railroad companies
shareholder person who invests in a corporation by buying stock and is a partial owner
rebate discount or return of part of a payment
railroad baron powerful businessman who controlled a major railroad
pool group sharing in some activity, for example, among railroad barons who made secret agreements and set rates among themselves
monopoly total control of a type of industry by one person or one company
Model T early Ford car
merger combining of two or more businesses into one
mass production factory production of goods in large quantities
labor union organization of workers who seek better pay and working conditions
injunction court order to stop something from happening
factors of production resources used in the production process, including natural resources, labor, and capital
entrepreneur person who starts a businesses
dividend stockholder’s share of a company’s profits, usually as a cash payment
corporation business in which investors own shares
consolidation practice of combining different companies into one
collective bargaining discussion between an employer and union representatives of workers over wages, hours, and working conditions
assembly line factory method in which work moved past stationary workers who performed a single task
Created by: 123sstudy
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