Corporation

p. 359

PRICETAGS=ICSE

Textbook Definition: A business that is owned by many investors.

Sentence: To raise larger sums, entreneurs set up corporations.

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Trust

p.359

PRICETAGS=ESI

Textbook Definition: A group of corporations that unite in order to reduce competition and control prices in a business or an industry.

Sentence:A giant in the oil business, John D. Rockefeller introduced another form of business oraganization.
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"Big Business"

PRICETAGS=EISCT

Textbook Definition:Large scale or important financial or commercial activity.
 Sentence: The oil business of John D. Rockefeller was a big business.

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Stock

p.359

PRICETAGS=IES

Textbook Definition:Shares in businesses.
 Sentence: A corportion raises funds by selling stock.

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Monopoly

p.359

PRICETAGS=ICES

Textbook Definition:A company that controls all production and sales of a particular product or service.

 Sentence: The trust had the power to control all oil places.

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Rockfeller's Oil Trust

p.359

PRICETAGS-IES

Textbook Definition: An American oil producing, transporting, refining, and marketing.

Sentence: In Rockfeller's Oil Trust, he did everything he could to drive his rivals out of thr business.

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Stockholder

p.359

PRICETAGS=ICES

Textbook Definition:Investors who buy the stock.
 Sentence: In return for the investment, stockholders hope to receive dividends, or share the corporation's profits.

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Standard Oil Trust

p.359

PRICETAGS=ICES

Textbook Definition:An American oil producing, transporting, refining, and marketing.
 Sentence: To manage his many businesses, Rockefeller combined them into the Standard Oil Trust.
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Dividend

p.359

PRICETAGS=EIS

Textbook Definition:A sum of money paid regularly by a company to its shareholders out of its profits.
Sentence: In return for the investment, stockholders hope to receive dividends, or share the corporation's profits.

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Consolidate

PRICETAGS=ICES

Textbook Definition:Make something physically stronger or more solid.
 Sentence: Industrial consildation reduced competition in the 1800's.
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Rebate

PRICETAGS-ICES

Textbook Definition:A partial refund to someone who has paid too much money for tax, rent, or a utility.

Sentence: Rebates were often used by the 19th- century railroad as a means of price discrimination.

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Pooling 

PRICETAGS=ICES

Textbook Definition:Put money or other assets into a common fund.
Sentence: Pooling was used to take over small businesses , and form monopolies.

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John D. Rockefeller

p.359

PRICETAGS=ICES

Textbook Definition: American business magnate and philanthropist. 

Sentence: John D. Rockefeller was the founder of the Standard Oil Company.

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J. P. Morgan

p.359

PRICETAGS=ICES

Textbook Definition:American financier,banker, philanthropist and art collector.
Sentence: J.P. Morgan ised his financial resources to buy Carnegie's steel company.

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Isaac Harris

PRICETAGS=ICES

Textbook Definition:One of the owners of The Triangle Factory.
 Sentence: Isaac Harris was the owner of the factory with Max Blanck.

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U.S. steel

p.359

PRICETAGS=ICES

Textbook Definition:American integrated steel producer with major production operations in the U.S.
 Sentence: Morgan founded U.S. steel, America's first billion-dollar corporation.
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Robber Barons

PRICETAGS=ICES

Textbook Definition: industrialist

Sentence:Robber barons became wealthy and powerful in the 19 century. 
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Free Enterprise System

PRICETAGS=ICES

Textbook Definition:Economic System where few restrictions are placed on business activities and ownership.
 Sentence: The free enterprise system is also called the private enterprise system.

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