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History 8-Ch. 19 Voc
History 8-Ch. 19 Vocab
| Question | Answer |
|---|---|
| consolidation | the practice of combining separate companies into one. |
| standard gauge | the uniform width of 4 feet, 8.5 inches for railroad tracks, adopted during the 1880s |
| rebate | discount or return of part of a payment |
| pool | a group sharing in some activity, for example, among railroad barons who made secret agreements and set rates among themselves. |
| assembly line | a production system with machines and workeers arranged so that each person performs an assigned task again and again as the item passes before him or her. |
| mass production | the production of large quantities of goods using machinery and often assembly line |
| corporation | a group that is authorized by law to carry on an activity but having the rights and duties of a single person. |
| stock | shares of ownership a company sells in its business which often carry voting power. |
| shareholder | a person who invests in a corporation by buying stock and is a partial owner |
| dividend | a stockholder's share of a company's profits, usually as a cash payment. |
| horizontal integration | the combining of competing firms into one corporation |
| trust | a combination of firms or corporations formed by a legal agreement, especially to reduce competition. |
| monopoly | total control of a type of industry by one person or one company |
| vertical integration | the combining of companies that supply equipment and services needed for a particular industry |
| philantropy | charitable acts or gifts of money to benefit the community |
| merger | the combining of two or more businesses into one. |
| sweatshop | a shop or factory where workers work long hours at low wages under unhealthy conditions. |
| trade union | organization of workers with the same trade or skill |
| collective bargaining | a discussion between an employer and union representatives of workers over wages, hours, and working conditions. |
| strikebreaker | a person hired to replace a striking worker in order to break up a strike. |
| injunction | a court order to stop an action, such as a strike |