Chapter 19 Vocabulary
A way to end competition, for example railroads divided up business in an area and fixed prices at a high rate. Pools
Dividends Payment to stockholders from the corporation’s profit.
Corporation A business owned by many investors
Mass production Rapid manufacturing of large numbers of a product at a cheaper price.
Consolidating/ consolidation To combine business together, for example large railroad companies bought out smaller companies.
injunction A legal order to do something
network A system of connecting railroad lines
rebates Discount on services or merchandise ( sometimes secret), often given to customers who shipped BIG LOADS.
trust A group of corporations put together and run by a single board of directors, for example Rockefeller put one together.
monopoly A company that controls the production and sales of a certain product almost 100%.