1. Business owned by investors who buy shares of stock.
What is a corporation?
Business owned by investors who buy shares of stock.

2. Key terms dealing with corporations?
Capital
Stock
Stockholder
dividend
Money to invest
Share in a corporation (partial ownership)
Owner of stock (partial owner of a company)
Payment to stockholder from a corporations profit

3. So why do you invest in a corporation?
To make money – either through the price of your stock going up and then you sell it for a profit or through dividends.

4. Key terms dealing with railroads?
network
consolidate
rebates
pool
System of connected lines
When companies combine
Discounts to large customers
Several railroad companies divide up business and agree to charge high rates

5. What do we need to know about the steel industry?
Leading company
Leading individual
Name of process for making cheap and strong steel
U.S. Steel
Andrew Carnegie
Bessemer Process

6. Important individuals in the rise of big business?
J.P. Morgan
Andrew Carnegie
John D. Rockefeller
Cornelius Vanderbilt
Leading banker
U.S. Steel (Steel Industry)
Standard Oil (Oil Industry)
Steamships and railroads

7. What do Carnegie, Rockefeller and Vanderbilt all have in common?
Started as poor people
Became filthy rich
Gave away most of their profits to projects benefiting society

8. Important terms for big business.
Trust
monopoly
Free enterprise system
Group of corporations run by a single board of directors.
Company that controls all of an industry.
Businesses that are owned by private citizens. Companies compete by making the nest products at the lowest price.

9. Inventors and inventions you need to know:
Sleeping car
telephone
phonograph
Light bulb
Automated assembly line (allowed for mass production)
George Pullman
Alexander Graham Bell
Thomas Edison
Henry Ford