Industrialization Unit Vocab

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Financier

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A person who manages or provides large amounts of money for businesses or investments.

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Banker

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A person who works in or owns a bank and manages money, loans, and financial transactions.

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Consolidate

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To combine or bring things together to make them stronger or more effective.

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Corporation

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A large company or group of companies that is organized as a single business and recognized by law.

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Industry

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All the businesses and companies involved in making or selling similar kinds of products or services, like the car industry or tech industry.

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Monopoly

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When one person or company controls all of the supply or trade in a specific product or service, leaving no room for competition.

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Panic of 1907

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A big financial crisis in 1907 where many people lost money and banks almost failed, causing fear. It led to changes to make the banking system safer.

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Federal Reserve System

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The central banking system of the United States, which helps manage the country's money and keep the economy stable.