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WOL 8th grade Chapter 19 The Industrial Age
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Consolidation
The practice of combining separate companies in the industry.
rebate
special discounts
labored
worked
railroad barons
individuals who controlled the nations rail traffic
standard gauge
As the railroads consolidated, companies adopted standard gauge of 4feet, 8.5 inches as the width of the railroad track.
pools
The railroad barons made secret agreements among themselves.
Transmitted
Telegraph offices trained operators to send messages.
mechanism
mechanical device for oiling machinery
assembly line
Henry Ford started as assigned production task again and again.
mass production
produce large quantities of goods more quickly
corporation
a company that sells shares or stock of its business to the public
shareholders
people who invest in the corporation by buying stock or partial owners.
dividends
cash payments from corporations profits- on the stock they own.
trust
group of companies managed by the same board of directors.
partners
associates who agree to operate a business together
monopoly
total control of an industry by a single producer.
trend
general movement toward business monopolies
mergers
states passed laws that made combining corporate companies easier
sweatshops
workers that worked hard in crowded and dangerous urban factories
trade unions
skilled workers who formed unions to represent workers in certain crafts or trades such as carpentry.
collective bargaining
Union organizations represent workers inn labor discussions with management.
strike breakers
people who were hired to replace striking workers
injunction
court order to stop the union from "obstructing" the railways and holding up the mail.
Author
CmuellerALC
ID
308331
Card Set
WOL 8th grade Chapter 19 The Industrial Age
Description
Chapter 19 The Industrial Age 1865-1914
Updated
9/22/2015, 10:20:07 PM
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