this economic system encourages private ownership and competition
What is capitalism
100
This process includes many people doing specific jobs repeatedly to help produce a product
What is an assembly line
100
Lucy and Ethel were doing what in the chocolate factory?
What is working on an assembly line
200
This man made his millions from the oil industry.
Who is John Rockefeller
200
This is known as a workforce, work, or workers
What is labor
200
when an organization or business buys out other business in the industry
What is a monopoly
200
Assembly line production does what to production levels
Increases production levels
200
This 19th century industrialist gave his son 20 times the money of his eight daughters combined
Who is Cornelius Vanderbilt
300
How would you classify Sergey Brin? He is one of the two founders of Google. His company employs over 24,000 well paying jobs for people world wide, makes navigating the internet easy, and has created billions of dollars in the economy.
What is a Captain of Industry
300
This business term is the physical facility inside and out that a person needs to start a business
What is infrastructure
300
This is Darwin's theory on evolution
What is natural selection, survival of the most environmentally fit
300
Assembly line production does what to costs?
What is lowers costs due to over supply
300
While making your business plans name three ways you used to make profit
What are online ads, TV commercials, newspaper ads, radio ads, grand opening sales party,
400
This man is thought to be a Robber Baron by many due to his strike breaking tactics using the military to kill employees.
Who is John Rockefeller
400
Money you have left over after subtracting costs.
What is profit
400
Those who argue for Social Darwinism believe what about monopolies
They should not be regulated, they should be allowed
400
This man was the first to use the assembly line on the production of cars
Who is Henry Ford
400
Name four inventions between 1865-1913
What are airplanes, telephones, toilet paper, cars, electricity, typewriters
500
Two reason why Andrew Carnegie was a Robber Baron and Two reasons why Carnegie was a Captain of Industry
RB: 20 strikers killed at his company, low wages
CI: Built 3000 libraries, gave money to artists, schools
500
This business man made his money off of the world of banking and finance
Who is JP Morgan
500
If you are a consumer, what is your belief about what monopolies will do to cost?
They believe that costs will go up, because the market will be unregulated, and no competition will exist.
500
Assembly line workers are skilled or unskilled laborers
What is unskilled
500
this is the process of moving from the town to the city