all about vocab
What is urbanization?
The growth of cities.
How does a stock work?
You buy a share of a company to become partial owners
What are two businesses we have today that help the US?
Up to host…
What is the name of Henry Ford’s company?
Ford Motor Company
Who is William Boeing?
He created an airplane that could transport mail across the US?
What is a corporation?
Business owned by investors
What is an entrepreneur?
Someone who creates and runs a new business and takes on all the risks of the business
What are two things Andrew Carnegie funded?
The discovery of insulin, taking apart nuclear weapons, free public libraries, building colleges, and schools, and helping nonprofit organizations
What did Henry Ford start and create?
He started the assembly line and created the Model T which was a reliable and affordable car
A Boeing could carry mail and eventually what else?
People! LOTS AND LOTS OF PEOPLE!!
What is an assembly line?
A product is put together as it moves past a line of workers
What is free enterprise? What did it do for America between 1880 and 1900?
It allows people to start their own business. It doubled the number of factories and jobs
What did Andrew Carnegie create?
Steel and later the Carnegie Steel Company
With whom did he work with to help make his Model T car?
Harvey S. Firestone
In what year did Boeing start transporting mail?
1918
How does a refinery work?
It turns oil into useful products
Who was the person who helped create Carnegie Steel Company?
J.P. Morgan
Who’s model did Carnegie use to recreate steel?
Henry Bessemer
What year did Ford start the Ford Motor Company?
1903
The Boeing 747 changed airline history how?
It provided more seating for people
What is a monopoly?
A company that has control of an entire industry
Who started their first oil refinery? In what year did they start it?
John D. Rockefeller in 1863
In what year did Carnegie create the Carnegie Steel Company?
1889
In what year did Firestone make tires for cars? What was so special about these tires?
1904 and THE TIRES HAD AIR!!!
Boeing created a four engine airliner able to carry people. What year did he create it and now many people could it carry?
The year was 1958 and it could carry 156 people