An Age of Big Business. Chapter 19, Section 3 Pgs. 567-571. Corporation. A company that sells shares of its business to the public. Stock. A share in a business. Shareholder. Someone who owns shares (stock) in a business. Dividend.
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Chapter 19, Section 3
A company that sells shares of its business to the public.
A share in a business.
Someone who owns shares (stock) in a business.
If the business is doing well, a shareholder earns cash payments from the corporation’s profits. These payments are known as dividends.
Combining competing firms into one corporation.
Rockefeller did this by acquiring most of the oil refineries in Cleveland and other cities.
A group of companies managed by the same board of directors
Almost total control by a single producer.
Acquiring companies that provide the equipment and services your company needs.
Carnegie bought iron and coal mines, warehouses, ore ships, and railroads to gain control of steel.
The use of money to benefit the community. Philanthropists gave money to found schools, universities, libraries, etc.
Carnegie Hall in NYC
The combining of companies