Rise of Corporations

Capitalism and the Rise of Corporations

Multiple Select

Choose the factors that brought about the growth of American industry.

• Factory goods were massed produced

• Demands for limits on immigration

• An abundance of natural resources

• Construction of new railroads and tracks

• Treaties with European nations.

Multiple Select

Which of the three industry led to heavy industrialization in the U.S.?

• Steel

• Meat Packing

• Railroads

• Fuel Sources --> petroleum and coal

• Sugar

Open Ended

Thanks to the Industrial Revolution Americans migrated from rural areas to where?...

Multiple Choice

Last year you talked about capitalism. Which statement most reflects capitalism?

• Economic system where the government regulated and controls business.

• Economic system where individuals control business and property.

Capitalism:

AKA: Free Enterprise System where investors take risks to make a profit and consumers are free to choose what they want to buy.

• In capitalism Social Classes become defined.

• There are very wealthy individuals making large sums of money and very poor workers being exploited.

Multiple Choice

Entrepreneurs flourish in a capitalistic system. What do you think the term Entrepreneur means?

• Risk takers who use their money and talents to launch new ventures.

• Government Regulators of industry.

• People who believe in the even distribution of wealth.

Multiple Choice

Which sounds most like capitalism?

• Government is involved in business decisions.

• The Government imposes strong regulations on businesses.

• Businesses work to make profits by any means possible.

Multiple Choice

Laissez-Faire (means "allowed to do") What do you think Laissez-Faire Capitalism means?

• The government does not interfere in businesses

• The government heavily regulates businesses

Multiple Choice

True or False: If the government does not interfere in businesses, the businesses owners can be as greedy as they want.

• True

• False

Multiple Choice

What is the creator of the "Scrub Daddy" asking from the Sharks?

• money

• advice

• natural resources

Multiple Choice

The Sharks could best be described as...

• inventors

• consumers

• investors

Multiple Choice

Was the government involved in who could invest in Scrub Daddy?

• Yes

• No

Multiple Choice

The example of "Scrub Daddy" in Shark Tank is an example of what type of economic system?

• Capitalism

• Socialism

• Communism

The Rise of Corporations

• Big business owned by stockholders/shareholders (investors)

• many people pool their money together.

Corporations

• New industries such as coal mines, ironworks, factories and R.R.s were made possible by selling stock

• Businesses could invest in large machinery and produce goods cheaper and grew rapidly

• Without government interference Corporations were allowed to grow

• Corporations were able to take advantage of workers

Industrialists

Without government regulations the heads of corporation became some of the wealthiest Americans to ever live.

Poll

I think the government

• Should regulate businesses

• Should leave businesses alone.

Multiple Select

Choose all the statements that are true about the Capitalist Economic System in America during the Second Industrial Revolution.

• The government was not involved in business decisions.

• The corporations were about taking care of their workers.

• The government regulated working conditions

• Corporations were able to expand and make vast amounts of wealth.

• The government was concerned in distributing wealth equally among Americans

Multiple Choice

In the economic system of capitalism who controls the resources, money and purchases?

• individuals

• the government

Multiple Choice

Corporations are owned by

• shareholders

• one person

Multiple Choice

Another term for a shareholder is a

• consumer

• investor

Multiple Choice

By forming corporations businesses gained money and as a result they

• were unable to grow

• grew rapidly