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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 |