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The Rise of Industry: Key Vocabulary

Flashcards of important vocabulary related to the Industrial Age

AB
networksystem of connected lines
consolidatelarger companies buying smaller ones
rebatediscount offered by railroads to win or keep business
poolseveral railroads fixing prices at high levels and dividing business
capitalmoney
stockshares in a business sold to investors
dividendprofit paid to shareholders of a corporation
trustwhen one board of directors runs a group of corporations
vertical integrationin control of all steps needed to change raw materials to a finished product
corporationa business owned by investors
monopolyONE company that controls most businesses of that industry
free enterprise systemwhen businesses are owned by private citizens
assembly linethe product moves along a moving belt with each worker adding something to the product
mass productionmaking large quantities of a product quickly and cheaply
injunctiona court order to do or not do something


Mrs. Porter

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