L3: Captains of Industry

What is not considered an asset in a capitalist system that businesses can use to fund their operations?

• Cash

• machinery

• heavy equipment

• workers

What do assets allow a business to do?

• Increase its stock value

• Produce a product or service to sell to customers

• Expand its market share

• Create a business model

Since colonial times, what stance did the US government take on the economy?

• Anti-business

• Neutral

• Pro-business

• Regulatory

What term describes the "hands-off" approach to governance followed by the Gilded Age presidents?

• Mercantilism

• Laissez faire

• Socialism

• Interventionism

What is an entrepreneur?

• Someone who works for a large corporation

• Someone who invests in the stock market

• Someone who sees a new opportunity and creates a business to exploit it

• Someone who manages a team in an established company

Private businesses built the _________ the US needed.

• infrastructure

• legislation

• bureaucracy

• obstacles

Wealth inspired _________ to create the industries that drove American industrial progress.

• workers

• entrepreneurs

• politicians

• foreigners

During the Gilded Age, the US became the world’s _________ capitalist power.

• declining

• top

• average

• weakest

Which famous board game is said to be inspired by JP Morgan?

• Chess

• Scrabble

• Monopoly

• Clue