1. Ch 19/3 An Age of Big Business

2. Corporations-  A corporation is a company that sells shares or stock, of it’s business to the public. * Can anyone name a corporation today?

3. Shareholder-  The people who invest in a corporation by buying the stocks or shares are called shareholders and partial owners.  Ever seen Mr. Deeds?

4. Dividends-  In good times (when the economy is BOOMING) shareholders make dividends or $ from the corporations profits.  If stocks are down your lose money, if stocks are up, you make money

5. Horizontal integration-  Combining competing firms into one corporation.  That would be like combining Target & Walmart

6. Trust-  A group of companies managed by the same board of directors.

7. Monopoly-  Almost total control by a single producer- in this case the oil industry  Have you ever played monopoly the game? What’s the point of the game?

8. Vertical Integration-  Acquiring companies that provide the equipment & services needed to do the job.

9. Philanthropy-  The use of money to benefit the community  Can anyone name a modern day philanthropist?

10. Mergers-  Combining companies more easily.  For example- At&t & Cingular Wireless

11.  These are the vocabulary words from ch. 19/3. There will be a test on these words along with the words in ch. 19 section 4 next week. You need to study these words and learn their meanings to be successful on the test!