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Topic 10 Vocab

QuestionAnswer
anarchist person who opposes organized government
capitalism an economic system based on the private ownership of property, a market economy, and the goal of making a profit, or income, from the use of one's property
collective bargaining a process by which a union representing a group of workers negotiates with management for a contract
consolidate to combine
corporation business that is owned by investors whose risk of loss is limited
dividend share of a corporation profit
inflation a rise in prices and a decrease in the value of money
mass production process of making large quantities of a product quickly and cheaply
monopoly a company or group having control of all or nearly all of the business of an industry
morrill acts the acts passed in 1862 and 1890 that provided public land for agricultural colleges
moving assembly line method of production in which workers stay in one place products pass along a track or moving belt
network a system of connected railroad lines
patent license for a new invention
pool a system in which several railroad companies agreed to divide up the business in an area and set prices
rebate a discount
reservation a limited area of land set aside for american indians
sodbuster a farmer on the great plains in the late 1800's
stock a share of ownership in a corporation
strikebreaker replacement for a striking worker
subsidy a land grant or other financial help from the government
sweatshop workplace where people labor hours in poor conditions for low pay
trade union association of workers in a specific trade, or line of work, formed to gain higher wages and better working conditions
transcontinental railroad a railroad that stretches across a continent from coast to coast
triangle fire fire in 1911 at the triangle shirtwaist factory in new york that killed nearly 150 workers
trust group of corporations run by single board of directors
Created by: hms200
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