History Notes 1

someone who dominates and industry

• tycoon

• proprieter

• labor force

• interdependence

the creator and owner of a business

• tycoon

• proprieter

• labor force

• interdependence

people who produce goods and services

• tycoon

• proprieter

• labor force

• interdependence

different industries rely on each other

• tycoon

• proprieter

• labor force

• interdependence

control of an entire industry

• philanthropy

• monoply

• profit

• labor force

consumer price minus the cost to produce the good or service

• philanthropy

• monoply

• profit

• labor force

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

• philanthropy

• monoply

• profit

• labor force

Henry Ford created an automobile monoply.

• True

• False

How did inventories of the assembly line help workers?

• Lower the number of hours worked.

• Increased the education needed.

• Increased the pay of workers.

How did inventories of the assembly line help workers?

• Decrease the amount of education needed to do the job.

• Increased the education needed.

• Increased the pay of workers.