History Vocab. 3

Question 0

Railroad Baron

Answer 0

Powerful and aggressive business men who controlled the nation’s railroads

Question 1

Consolidation

Answer 1

Taking two corporations, dissolving them both, and combining them into one; practice of a larger corp. taking over a smaller corp.

Question 2

Standard Gauge

Answer 2

4 feet 8.5 inches standard track size

Question 3

Rebates

Answer 3

Refund

Question 4

Pools

Answer 4

Secret Agreement in which they set rates to earn greater profits

Question 5

Model T

Answer 5

First mass-produced car made by Henry Ford

Question 6

Assembly Line

Answer 6

One worker does a simple task over and over again

It is faster and cheaper. Average workers, same task over and over

Question 7

Mass Production

Answer 7

Goods produced in large quantities using machines and the assembly line

Question 8

Stock

Answer 8

Shares of ownership into a company

Question 9

Shareholders

Answer 9

People who own stock in the company

Question 10

Dividend

Answer 10

Money earned from stocks $$$$$$$$

Question 11

Trust

Answer 11

A combination of a group of corporations usually to reduce competition; managed by the same board of directors

Question 12

Monopoly

Answer 12

Complete control of an industry

Question 13

Merger

Answer 13

Combining two or more businesses into one

Question 14

Sweatshop

Answer 14

Factory setting in bad conditions- hot, dirty, dangerous; often paid by the number of items you produced

Question 15

Trade Union

Answer 15

Organization of workers with the same skill

Question 16

Collective bargaining

Answer 16

A group of people come together and discuss what they want to fix; Union represent workers in labor discussions with management

Question 17

Strikebreakers

Answer 17

A person who goes into work while a strike is going on

“Scabs”

Question 18

Injunction

Answer 18

Court Order