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10 Cards in this Set

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  • Back
transcontinental railroad
railroad that was built across the continent, linking the Atlantic and Pacific coasts
Why were companies small prior to the Civil War?
Lack of good transportation made it hard for companies to sell their products to those who lived far away
corporations
businesses that sell shares of stock to investors
invest
to buy shares in a business in hopes of making money
entrepreneur
a person who starts a new business taking the risk of losing money
refinery
a factory that makes crude oil into products that people can use
How was Andrew Carnegie able to to make more steel for less money?
He bought all the coal and iron mines as well as the ships to carry the resources to the steel mills
capital resources
money
monopoly
complete control
How did John D. Rockefeller get a monopoly in the oil business?
He bought forests, a barrel factory, ships and reailroad cars.