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Business & Industry
Summerville High School USH EOC Review
Term | Definition |
---|---|
Bessemer Process | Process of making steel |
Strike | workers refusing to work |
Depression | Economy going down; unemployment rate high |
Gold Standard | Possible basis and backup of paper money |
Monopoly | One company dominates/control an industry |
Open Door Policy | Trade policy with China; allows multiple nations to trade |
Recession | Economy somewhat flat lining |