Industrialization Flashcards
Industry
What is Liability?
A company’s debt used to finance operations and pay for large expansions.
What is Limited-liability?
All partners are equally responsible for the entire debts of business.
Corporation
A company or a group owned by stockholders who share in profits.Can be sued by other people and be sued by members of company.
Industrialization
Advance technical enterprises, and other productive economic activity into an area(industry).
Tenements
Apartment houses in sections of large cities ,also in urban areas.
Solo-proprietor
A person who owns the business is personally responsible for it’s debts.
Labor Unions
It’s the study of human behavior as it relates to economic activities.
Economics
Is a social science.
The Gilded Age
Extreme wealth and extreme poverty Period in time in America. Late 1800s to 1900s.
Trust Company
A large corporation with a lot of wealth and money.
Robber Barons
American Capitalist or industrialist of late 19th century becoming wealth for exploiting natural resources.
Captain Industry
Someone who owns or manages a large,successful business or company.
What are corporations?
Limited-liability
What are partnerships?
Unlimited Liability
