| A | B |
|---|
| consolidation | combine seperate companies into one |
| standard gauge | 4' 8.5" as width of the RR tracks |
| rebate | secret discount to RR customers |
| pool | secret agreements among RR Barons |
| assembly line | production system where workers complete the same task over and over |
| mass production | making of large quantities using machines or assembly line |
| corporation | a group that carries on an activity but acts like a single person |
| stock | shares of ownership of a company |
| shareholder | a person who owns part of a company through stock |
| dividend | a stockholder's share of a company's profits |
| horizontal integration | the combining of competing firms into one corporation |
| trust | a combination of corporations formed by a legal agreement to reduce competition |
| monopoly | total control of a type of industry by one person or company |
| vertical integration | a combining of companies that supply equipment and services needed for a particular industry |
| philanthropy | charitable acts to benefit the community |
| merger | combining of two or more businessed into one |
| sweatshop | shop or factory where workers work long hours in unhealthy conditions |
| trade union | organization of workers with the same trade or skill |
| collective bargaining | discussion between an employer and union rep. over wages, hours,etc. |
| strikebreaker | 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 |
