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The Industrial Age

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Question
Answer
Consolidation   Combining separate companies into one  
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Railroad Baron   Powerful businessman who controlled the railroads  
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Standard Gauge   The width of 4ft, 8.5 inches for railroad tracks  
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Labor   Work  
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Rebate   Discount or return of part of a payment  
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Pool   Railroad Barons who made secret agreements and set railroad rates  
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Model-T   America's first mass production car made by Ford Motor Company  
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Assembly Line   A system with Machines and workers arranged so that each person performs an assigned task again and again  
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Transmit   Send from one place to another  
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Mass Production   The production of large quantities of goods using machinery and often an assembly line  
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Mechanism   Mechanical Divice, the parts by which a machine operates  
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Corporation   A company that sells shares or stock of its business to the public  
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Stock   Shares of ownership a company sells in its business, often carry voting power  
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Shareholders   A person who invests in a corporation by buying stock and is partial owner  
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Dividend   A stockholder's share of a company's profits, usually a cash payment  
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Trust   Group of companies managed by the same board of directors  
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Monopoly   Total control of an industry by a single producer  
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Merger   A combining of companies  
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Sweatshop   Crowded and dangerous urban factories  
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Trade Union   Organization of workers with the same trade  
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Collective Bargaining   Discussion between employer and union representatives over pay, hours, and working conditions  
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Strikebreaker   A person hired to replace a striking worker  
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Injunction   A court order to stop an action, for expample: to stop a strike  
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Created by: SSC 8th LA
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