The money a business earns after all expenses are paid
profit
Who created the electricity we use today
Nikola Tesla
What does the Statue of Liberty symbolize?
Freedom
What does a consumer and free enterprise system have to do with one another?
A consumer buys and sells with free choices within a free enterprise system because a free enterprise system gives choice to create businesses and sell goods.
Why were people flooding from farms to urbanized areas?
Industry in the cities provided many jobs whereas inventions were taking jobs in the country causing many people to travel to the cities.
A group of workers, usually in the same type of job, who have united to demand better wages and working conditions.
Labor Union
What was the first exchange on the telephone?
What are tenements? Why did many immigrants live there?
A building that has been divided into many small apartments. Could not afford to live in larger places because they did not often have higher paying jobs.
How might a monopoly not be good for a free enterprise system?
A monopoly limits choices to the consumer
Name a benefit and a consequence of growing cities?
benefits-boosting economy with new inventions or more access to transportation
consequence-crowding traffic, pollution, or businesses are dangerous for workers and nearby people
Unfair, negative opinions about a group of people
Prejudice
The assembly line has one person do the same job to attach a part of the whole product. This helped produce automobiles faster.
What did the Chinese Exclusion Act do to Chinese Immigrants?
It did not allow them to enter the U.S. for 10 years.
What can happen if a business can meet the demand for the supply?
The goods become cheaper
Where did different immigrant groups reside in the United States predominantly. Circle and label the map below for the following groups: Asian Immigrants, European Immigrants, and Latin American Immigrants.
Asian Immigrants- West Coast
European Immigrants- East Coast and Midwest
Latin American Immigrants- South
Someone who takes a risk to start a business
Entrepreneur
Name an inventor and their invention. Describe how it changed American lives
Answers vary
Why were some Americans weary of the rise in the immigrant population in the U.S? Name 2 reasons.
Competition for jobs
Understand the different cultures
Dealing with overcrowded cities
What all did the Carnegie Steel Company own to make steel cost less to produce stee?
Refineries, Mines, and, Railroads
How did industry affect the size of cities? Give me examples of cities that grew quickly because of the businesses they had there. Name 1.
Cities with important industries grew quickly
Examples: Cleveland, OH- Oil Refineries, Pittsburg, PA- Steel Plants, Detroit, MI- Automobiles
Unjust treatment of a person or group
Oppression
Name 2 inventions that bridged the gap between the East and West Coast. Explain how they bridged the gap
Telephone- Talking to those across the country
Airplane-Faster travel for citizens across the country, travel to Europe
Automobile-More roads created, more access the towns, and more travel across country
Why was the United States viewed as a melting pot?
Melting together traditions and experiences from their homeland with American ones.
Name a benefit and a consequence of immigration on jobs in America
Benefit: Cheaper labor
Consequence: less job opportunities
Name one of the immigrants that we talked about in this chapter that started a major business in the U.S. How has that business impacted American consumers?
Andrew Carnegie- Steel,
Nikola Tesla- electricity,
Werner Brothers- movies/entertainment