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Railroads, Industry, Inventors
for a test
17
History
8th Grade
11/20/2007

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Term

Network

Definition

a system of conected lines

Term
consolidate
Definition
to combine
Term
rebates
Definition
discounts
Term
pool
Definition
several companies agreed to divide up businesses in an area and then fix thier prices at a high level
Term
cornelius vanderbilt
Definition
railroad baron
Term
james hill
Definition
he encouraged ranchers and farmers to move to the northwest and settle near his raiload. he helped them settle by giving them tools, seeds..etc.
Term
vertical integration
Definition
having control of al the steps required to change raw materials into finished products
Term
stock
Definition
shares in the business, to investors, known as stockholders
Term
capital
Definition
money
Term
dividend
Definition
share of a corporations profit
Term
Bessemer process
Definition
enabled steel makers to produce strong steel at a much lower cost
Term
J.P. Morgan
Definition
banker of the late 1800s. He used banking profits to gain control of major corporations. he became the adominant figure in american industry
Term
trust
Definition
a group of corporations run by a single board of director.
Term
monopoly
Definition
a company that controls all or nearly all the business of an industry
Term
free enterprise system
Definition
business are owned by private citizens
Term
Sherman Anti-Trust
Definition
banned formations of trusts or monopolies but it was too weak to be effective
Term
John D.Rockefeller
Definition
formed Sherman Anti-Trust
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