Starting a Business
A share of a corporation's ownership.
What is a STOCK?
This titan revolutionized the steel industry, became the richest man on Earth, and before he died, donated much of his fortune to build public libraries around the world.
Who is ANDREW CARNEGIE?
This invention by Thomas Edison has been called "the most important invention since man-made fire," helping to establish social order after sundown, night shifts, safe passage in the dark, and general American nightlife.
What is the LIGHT BULB?
This is the name given to a workplace setting where employees labor for long hours, for low pay, in often hazardous conditions.
What is a SWEATSHOP?
This is the name given to a demonstration in which striking employees march, hold signs, and actively protest in order to attract public attention to their cause.
What is a PICKET?
These are the people responsible for making all business decisions for a corporation.
What is THE BOARD OF DIRECTORS?
This is the name given to a rich person who donates large sums of money to support public welfare.
Who is HENRY FORD?
This is the name given to a group of organized workers who fought for improved workplace conditions.
What is a UNION?
The innovator of the railroad dining car later slashed wages at his Chicago factory leading to a massive strike that shut down rail service in the midwest for nearly 2 months.
Who is GEORGE PULLMAN?
What is CAPITAL?
Who is CORNELIUS VANDERBILT?
Thanks to the invention of these brothers, the world was open to globalization, allowing nearly every location on planet to be readily accessible.
Who are WILBUR & ORVILLE WRIGHT?
This group of people were often exploited by employers who hired them at low pay because their families needed the money.
Who are CHILDREN?
When strikers and bosses can not agree on a a solution often they ask a third-party to mediate in a process known as this.
What is ARBITRATION?
The direct payment of cash to shareholders based on a corporation's profits.
What is a DIVIDEND?
This titan recognized that crude oil is essentially useless before refinement, allowing his Standard Oil Company to become one of the most lucrative corporations on the planet.
Who is JOHN D. ROCKEFELLER?
This invention, first embraced by business before the general public, allowed for instantaneous communication, drastically increasing the efficiency of business in America.
What is the TELEPHONE?
This was the city where a massive fire in a garment factory killed over 140 women, leading to massive changes in workplace safety.
What is NEW YORK CITY?
This socialist labor leader was the head of the Industrial Workers of the World (IWW).
Who is EUGENE DEBS?
The person/people PERSONALLY responsible for all debts if their corporation fails.
Who is NOBODY?
This financier was a pioneer in the formation of trusts, the most successful of which was U.S. Steel.
Who is J.P. MORGAN?
This PROCESS made steel cost-effective and mass-produced, leading to it becoming the most important material for construction.
What is the BESSEMER PROCESS?
This was the name of the factory that suffered a massive fire, killing over 100 women, and leading to several workplace changes.
What is the TRIANGLE SHIRTWAIST FACTORY?
This riot was the result of somebody throwing a bomb toward police during a protest of excessive force during the McCormick Reaper Works strike.
What is the HAYMARKET SQUARE RIOT?