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Chapter 20 Test Review

Chapter 20 Test Review

AB
TrustGroup of corporations run by a single board of directors
NetworkSystem of of connected elements, such as rail lines.
MonopolySingle company controls a business or industry.
patentLicense for a new invention.
Standard GaugeThis made a network of railroad lines possible.
The United States militaryThey first recognized a practical use for the Wright brothers' invention.
Less polluting manufacturing processThis did not lead to the growth of huge steel empires after the Civil War.
Cyrus FieldLaid an underwater cable that transmitted telegraph messages from North America to Europe.
High Unemployment RatesDid not lead to the formation of labor unions.
Led farmers to join the Populist PartyRailroad owners used rebates and pools to keep prices high.
How did John D. Rockefeller strengthen Standard Oil?Forced railroads to give him rebates.
How did railroad rebates work?Gave secret discounts to their biggest customers.
How did corporations contribute to the growth of the economy?Stockholders provided capital to build factories and buy equipment.
Thomas Edison's inventionsmotion picture projector, electric power plant, phonograph
Advances of Women WorkersGarment workers won better pay and shorter work hours.
Benefits of TrustsLowered production costs and increased wages.
Henry Ford's car production effectMillions of Americans could afford them.
stockshare in a business
rebatediscount for certain customers
dividendshare of a company's profits
corporationbusiness owned by investors


7th Grade Social Studies Teacher
Lawrence Middle School
NY

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