| Business Lingo | Business Laws & Agencies | Businessmen | Inventions | Leisure & Entertainment |
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| Final Question | ||||
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?
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
What was the term for producing large numbers of products quickly and inexpensively?
What was the term for producing large numbers of products quickly and inexpensively?
Mass Production
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?
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
The freedom to run a business for profit with minimal regulation beyond what is necessary to protect the public interest is known as what?
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
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?
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
Which agency was created in 1872 over concerns about the environment?
Which agency was created in 1872 over concerns about the environment?
National Park Service
What did Congress enact with regards to imports in order to promote the buying of American goods?
What did Congress enact with regards to imports in order to promote the buying of American goods?
Tariff
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?
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
Which law did Congress pass that outlawed any trust that operated “in restraint of trade” or competition on the free market?
Which law did Congress pass that outlawed any trust that operated “in restraint of trade” or competition on the free market?
Sherman Antitrust Act
Which federal agency was created to regulate trade that crossed state lines?
Which federal agency was created to regulate trade that crossed state lines?
Interstate Commerce Commission
Which form of transportation best connected the cities to the natural resources that they needed in the west during the mid and late-1900s?
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
Those in control of big business that ended up buying or squeezing out smaller businesses were known by what term by their critics?
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
In 1882, which inventor worked to bring Direct Current (D/C) electrical lines into businesses and homes for electrical lighting?
In 1882, which inventor worked to bring Direct Current (D/C) electrical lines into businesses and homes for electrical lighting?
Thomas Edison
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?
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.
Who was an important banker that helped finance several big businesses?
Who was an important banker that helped finance several big businesses?
J.P. Morgan
What was Thomas Edison’s famous invention made in 1879?
What was Thomas Edison’s famous invention made in 1879?
Lightbulb
What Henry Ford invention revolutionized the world?
What Henry Ford invention revolutionized the world?
Model T
The Bessemer process was used to purify iron and produce what strong but lightweight material?
The Bessemer process was used to purify iron and produce what strong but lightweight material?
Steel
What did Lamarcus Thompson invent in 1884 to relief to even poor city workers?
What did Lamarcus Thompson invent in 1884 to relief to even poor city workers?
Rollercoaster
What invention was introduced in 1888 in Richmond Virginia that made mass transit within the city more efficient?
What invention was introduced in 1888 in Richmond Virginia that made mass transit within the city more efficient?
Electric Streetcar
By 1900 approximately 90% of the population could read. This was known as what?
By 1900 approximately 90% of the population could read. This was known as what?
Literacy
James Naismith invented which sport in 1891 at the Springfield, Massachusetts YMCA?
James Naismith invented which sport in 1891 at the Springfield, Massachusetts YMCA?
Basketball
Which amusement park near New York City was an alternative for families who could not afford to go somewhere on vacation?
Which amusement park near New York City was an alternative for families who could not afford to go somewhere on vacation?
Coney Island
Which popular show toured the U.S. and Europe in the late nineteenth century?
Which popular show toured the U.S. and Europe in the late nineteenth century?
Buffalo Bill's Wild West Show
What type of variety show entertainment became famous in the late nineteenth century, featuring musical drama, songs, and off-color comedy?
What type of variety show entertainment became famous in the late nineteenth century, featuring musical drama, songs, and off-color comedy?
Vaudeville
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