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