Industrial Revolution Study Guide

Front

___________ occurs when a company has no competition

Back

A monopoly

Front

Which of the following means "a business owned by many investors"?

Back

corporation

Front

____________ occurs when a person purchases something with the expectation of selling it later for a profit.

Back

Investing

Front

A ___________ is a license (rights) for an invention which allows that person to get profits from this invention.

Back

patent

Front

A ___________ is a share in a corporation/company

Back

stock

Front

Owning all of the same businesses in an industry is known as _____________.

Back

horizontal integration

Front

Owning all of the businesses in an industry from the raw materials to the final product is known as ____________

Back

vertical integration

Front

When railroad companies would combine in an effort to eliminate competition, they would ___________.

Back

consolidate

Front

_________ is the negotiation between workers (unions) and bosses (management) to agree upon a contract.

Back

Collective Bargaining

Front

__________ occurred when companies closed factories so workers could not enter.

Back

Lockouts