Chpt. 11 Lesson 2

When someone is described as an entrepreneur, what do they do?

• Work for a factory

• Create their own business and accept the risks

• Someone who buys or uses goods and services

• Someone who puts money into a business to make a profit

What contribution did Andrew Carnegie make?

• He created the Bessemer process

• He distributed goods all over the U.S.

• He was credited with being able to produce steel, quickly and cheaply

• He created the oil industry

What did the Wright brothers invent?

• Model T Ford

• Oil

• Steel

• Airplane

What did Henry Ford create and invent?

• telegraph; wire lines

• assembly line; automobile

• Bessemer process; steel plants

• engine; airplane

When a business is owned by the investors, we call this a __________?

• corporation

• assembly line

• industry

• stock

Thomas Edison is credited with bettering the filament in the light bulb to help it burn better.

• True

• False

What is a monopoly?

• a company that has complete control over an industry

• Someone who creates and runs their own business.

• The board game we play at home

What was one negative effect of the growing industries in the U.S.A? CHOOSE ALL THAT APPLY.

• More money was being made

• More pollution

• More monopolies were formed

• Overcrowding and traffic in cities

Who is credited with their airplane being chosen to transport mail?

• Wright Brothers

• William Boeing

• Thomas Edison

• Henry Ford

What was the purpose of an assembly line?

• To make goods slower to ensure better quality

• To make goods faster for the consumers

• To make goods faster for the monopolies

• To make goods slower for a better price