Social Studies 1 Flashcards
0
Q
railroad baron
A
- powerful and aggressive businessmen who controlled the nation’s railroads
1
Q
consolidation
A
- the practice of combining separate companies into one
2
Q
standard guage
A
- the uniform width of 4 feet, 8.5 inches for railroad tracks, adopted during the 1800s
3
Q
rebates
A
- secret discounts or returns on part of a payment
4
Q
pools
A
- secret agreements between railroad barons
5
Q
Model T
A
- America’s first mass production car made by the Ford Motor Company (invented by Henry Ford)
6
Q
mass production
A
- the production of large quantities of goods using machinery and often an assembly line
7
Q
assembly line
A
- a system with machines and workers arranged so that each person performs an assigned task again and again as items pass before him or her
8
Q
corporation
A
- a company that sells shares to investors
9
Q
stock
A
- shares of ownership a company sells in its business which often carry voting power
10
Q
shareholders
A
- people who invest in corporations by buying stocks and become partial owners
11
Q
dividends
A
- a cash payment from a corporation’s profits to a shareholder
12
Q
trust
A
- a group of companies managed by the same board of directors
13
Q
monopoly
A
- total control of a type of industry by one person or one company
14
Q
merger
A
- the combination of two or more businesses into one
