Chapter 4Vocabulary

IMPORTANT PEOPLE

Alexander Graham Bell

after years working towards creating a machine that could talk.

he invented the telephone the telephone changed the way people

communicated

By the time he died millions of people were using the telephone

Thomas Edison He first invented the phonograph which

allowed musicians to record and playback music.

Later with the help of Lewis Latimer he invented the light bulb.

Thomas Edison knew that electric light could change life in the United States.

Frank and Charles Duryea

Frank Duryea an electrical engineer that who was first to invent a system of electric streetcars.

Then Frank and his brother Charles built the first working automobile in the United States.

This was the beginning of a new industry. The building and selling of cars.

Orville and Wilbur Wright

the Wright brothers were interested in building a flying machine

After years of trying they invented the first airplane that changed history.

This invention led to new industries in flight

LETS REVIEW

Who invented the light bulb?

Thomas Edison

Alexander Graham Bell

Lewis Latimer

Who invented the first plane?

Wright Brothers

Duryea Brothers

Lewis Latimer

Who invented the first car in the U.S.? Duryea Brothers

Wright Brothers

Lewis Latimer

Who invented the telephone?

Alexander Graham Bell

Thomas Edison

Lewis Latimer

MORE VOCABULARY

INVESTOR

PEOPLE WHO GIVE MONEY TO A BUSINESS HOPING TO GAIN A PROFIT.

Example: Bell was given money to help continue with his work of inventing the telephone. When the telephone was invented the investors received money from the sell of telephones

Corporation

A BUSINESS THAT IS OWNED BY INVESTORS.

Example: Edison was given money to help continue with his work of inventing the telephone. He was given money by a corporation called National Bell Telephone company. When the telephone was invented this investor received money from the sell of the telephone

STOCKS

SHARE OF A COMPANY.

Example: National Bell Telephone Company sells parts of the company to raise money to keep the company running

MONOPOLY

COMPANY THAT HAS CONTROL OF AN ENTIRE INDUSTRY

Example: Standard Oil is a company that controlled 90 percent of the oil business in the United States which made Standard Oil a monopoly.

FREE ENTERPRISE

SYSTEM IN WHICH PEOPLE ARE FREE TO START THEIR OWN BUSINESSES AND OWN THEIR OWN PROPERTY.

Example: In a free Enterprise system, people are free to decide what they would like to sell and for how much.

LETS REVIEW

System in which people are free to start their own business and own businesses and own their own property.

A. Free Enterprise

B. Corporation

C. Monopoly

Person who gives money to a business hoping to gain a profit .

C. Investor

A. Corporation

B. Monopoly

Business that is owned by investors.

B. Corporation

C. Free Enterprise

A. Monopoly

Share of a company

A. Stock

C. Free Enterprise

B. Corporation

Company that has control of an entire industry

A. Monopoly

B. Free Enterprise

C. Corporation

Now you are going to use the web based program Quia to practice what you have learned

Click the following link: Quia Then follow the instruction sheet.