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Pt I Indus. Rev. Voc
First 14 vocabulary words from worksheet
| Question | Answer |
|---|---|
| gauge | width of railroad track |
| sodbusters | farmer on the Great Plains in the late 1800s |
| cooperative | group of farmers who pool their money to buy seeds and tools wholesale |
| wholesale | buying or selling something in large quantities at lower prices |
| inflation | a rise in prices and a decrease in the value of money |
| network | system of connected railroad lines |
| consolidate | to combine |
| rebates | discounts |
| pool | system in which several railroad companies agreed to divide up the business in an area |
| Bessemer Process | method developed in the 1850s to produce stronger steel at a lower cost |
| Vertical Integration | practice in which a single manufacturer controls all of the steps used to change raw materials into finished products |
| corporation | business that is owned by investors |
| stock | share of ownership in a corporation |
| dividend | share of a corporation's profit |