| A | B |
|---|
| rebate | a discount on service or merchandise |
| network | a system of connected railroad lines |
| dividend | payment to stockholders from a corporation's profit |
| stock | shares in a corporation run by a single board of directors |
| corporation | a business owned by investors who buy shares of stock |
| capital | money |
| vertical integration | method of controlling an industry from raw materials to the finished product |
| consolidate | to combine businesses |
| pool | method of ending competition - used by railroads and other businesses |
| trust | A GROUP of CORPORATIONS run by a single board of directors |
| monopoly | a company that completely controls the market of a certain industry |
| Free Enterprise System | Economic system in which businesses are owned by private citizens - not by gov't |
| assembly line | a method of production in which workers add parts to a product that moves along on a belt |
| mass production | making large quantities of a product quickly and cheaply |
| injunction | a court order to do or not to do something |
| strike | refusal by union workers to do their jobs until their demands are met |
| Andrew Carnegie | Controlled all phases of the steel industry in the late 1800's - (A method called vertical integration) |
| John D. Rockefeller | A shrewd business man who combined his oil refineries into a single corporation called the Standard Oil Company |
| J.P. Morgan | The most powerful banker of the late 1800's |
| Cornelius Vanderbuilt | The most powerful railroad baron |
| Sherman Anti-trust Act | Congress approved this Act that banned the formation of trusts and monopolies (but was too weak to be very effective |
