Business Lingo | ||
#1 | What is the name for the business entity in which investors share in the ownership of a company with the goal of making a profit? | Corporation |
#2 | What was the term for producing large numbers of products quickly and inexpensively? | Mass Production |
#3 | What is the term for a company’s complete control of the market for a good or service, thereby allowing the company to artificially raise prices? | Monopoly |
#4 | The freedom to run a business for profit with minimal regulation beyond what is necessary to protect the public interest is known as what? | Free Enterprise |
#5 | What is the name for a group of producers of a single product that meets to set prices and controls in order to collectively monopolize the market? | Cartel |
Business Laws & Agencies | ||
#1 | Which agency was created in 1872 over concerns about the environment? | National Park Service |
#2 | What did Congress enact with regards to imports in order to promote the buying of American goods? | Tariff |
#3 | What is the legal protection over an invention called, which gives the inventor the exclusive right to develop, use, and sell an invention for a certain period of time? | Patent |
#4 | Which law did Congress pass that outlawed any trust that operated “in restraint of trade” or competition on the free market? | Sherman Antitrust Act |
#5 | Which federal agency was created to regulate trade that crossed state lines? | Interstate Commerce Commission |
Businessmen | ||
#1 | Which form of transportation best connected the cities to the natural resources that they needed in the west during the mid and late-1900s? | Railroads |
#2 | Those in control of big business that ended up buying or squeezing out smaller businesses were known by what term by their critics? | Robber Barons |
#3 | In 1882, which inventor worked to bring Direct Current (D/C) electrical lines into businesses and homes for electrical lighting? | Thomas Edison |
#4 | In 1886, who worked to build an Alternating Current (A/C) system of electricity that used a transformer to step up voltage for long distance transmission and then step back voltage for use by consumers in the home for things such as electrical lighting? | George Westinghouse Jr. |
#5 | Who was an important banker that helped finance several big businesses? | J.P. Morgan |
Inventions | ||
#1 | What was Thomas Edison’s famous invention made in 1879? | Lightbulb |
#2 | What Henry Ford invention revolutionized the world? | Model T |
#3 | The Bessemer process was used to purify iron and produce what strong but lightweight material? | Steel |
#4 | What did Lamarcus Thompson invent in 1884 to relief to even poor city workers? | Rollercoaster |
#5 | What invention was introduced in 1888 in Richmond Virginia that made mass transit within the city more efficient? | Electric Streetcar |
Leisure & Entertainment | ||
#1 | By 1900 approximately 90% of the population could read. This was known as what? | Literacy |
#2 | James Naismith invented which sport in 1891 at the Springfield, Massachusetts YMCA? | Basketball |
#3 | Which amusement park near New York City was an alternative for families who could not afford to go somewhere on vacation? | Coney Island |
#4 | Which popular show toured the U.S. and Europe in the late nineteenth century? | Buffalo Bill's Wild West Show |
#5 | What type of variety show entertainment became famous in the late nineteenth century, featuring musical drama, songs, and off-color comedy? | Vaudeville |
Final Question | |