Studies Weekly Unit 1: Week 1

someone who dominates an industry

• monopoly

• proprietor

• tycoon

• CEO

the creator and owner of a business

• philanthropy

• interdependence

• tycoon

• proprietor

people who produce goods and services

• labor force

• Wal-Mart

• monopoly

• proprietor

different industries rely on each other

• tycoon

• interdependence

• codependence

• independent

control of an entire industry

• tycoon

• tycoon

• philanthropy

• monopoly

consumer price minus the cost to produce the good or service

• monopoly

• loss

• debt

• profit

action that involves large sums of money for sustaining an effort over time

• philanthropy

• loan

• tycoon

• interdependence

​ Henry Ford created an automobile monopoly.

• true
• false

Select all that apply: How did the invention of the assembly line help workers?

• Line jobs were repetitive and boring.

• Companies greatly increased profits.

• The number of work hours were reduced.

• Workers could be replaced by machines.

• Large amounts of education were not needed to work.

Which was not a working condition in Carnegie's steel mills?

• molten metal

• giant, loud saws

• watering stations

• long working hours