Chapter 3 Flashcards
1
Q
Consolidation
A
combining companies
2
Q
Railroad baron
A
powerful businessman who ran a large railroad
3
Q
standard gauge
A
the distance between the rails used by all American railroads
4
Q
rebate
A
discount
5
Q
pool
A
a group of businessmen who made secret agreements about prices and customers
6
Q
Model T
A
affordable car made by Ford
7
Q
assembly line
A
factory method in which work moved past workers who performed a single task
8
Q
mass production
A
factory production of goods in large quantities
9
Q
factors of production
A
land, labor, capital
10
Q
entrepreneur
A
person who starts. a business
