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Chapter 9 / Business terms & reforms / Progressive Period

Students will identify business terms and reforms from the time period.

AB
CorporationBuying shares of a company in return for a profit.
Dividendinterest or a return from a stock.
ProprietorshipOne or more owners of a business.
Vertical integrationBuying a supplier's company to control your own costs.
Horizontal integrationBuying out a competitor's business to control a market.
MonopolyOne business dominates an industry
Economies of ScaleBuying in bulk to sell product cheaper.
CapitalismSystem based on private ownership and profit
SocialismSystem of government ownership and shared wealth.
Laissez-faire capitalismGovernment should stay out of business.
Industrial RevolutionA shift from hand-made goods to machine-made goods.
Social DarwinsimSurvival of the fittest


7-12 Social Studies Teacher
Wilson Jr-Sr High School
Wilson, KS

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