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6th Grade History
The Industrial Age
Question | Answer |
---|---|
Consolidation | Combining separate companies into one |
Railroad Baron | Powerful businessman who controlled the railroads |
Standard Gauge | The width of 4ft, 8.5 inches for railroad tracks |
Labor | Work |
Rebate | Discount or return of part of a payment |
Pool | Railroad Barons who made secret agreements and set railroad rates |
Model-T | America's first mass production car made by Ford Motor Company |
Assembly Line | A system with Machines and workers arranged so that each person performs an assigned task again and again |
Transmit | Send from one place to another |
Mass Production | The production of large quantities of goods using machinery and often an assembly line |
Mechanism | Mechanical Divice, the parts by which a machine operates |
Corporation | A company that sells shares or stock of its business to the public |
Stock | Shares of ownership a company sells in its business, often carry voting power |
Shareholders | A person who invests in a corporation by buying stock and is partial owner |
Dividend | A stockholder's share of a company's profits, usually a cash payment |
Trust | Group of companies managed by the same board of directors |
Monopoly | Total control of an industry by a single producer |
Merger | A combining of companies |
Sweatshop | Crowded and dangerous urban factories |
Trade Union | Organization of workers with the same trade |
Collective Bargaining | Discussion between employer and union representatives over pay, hours, and working conditions |
Strikebreaker | A person hired to replace a striking worker |
Injunction | A court order to stop an action, for expample: to stop a strike |