Unit+1+Vocabulary


 * Industrial Revolution- Change in the economy bringing new inventions
 * Industry- A type of company or business Examples: Car industry, Oil Industry
 * Company- A business organization Examples: Converse, Mcdonalds
 * Tycoon- A rich powerful person Examples: John D. Rockefeller Bill Gates
 * Monopoly- Control of a market, When you become too powerful and can make any price of your product Examples: The monopoly on oil
 * Entrepreneur- Person who takes risk on a idea they have to make a enterprise Examples: Benjamin Franklin, Ben and Jerry, Oprah Winfrey
 * Corporation- A business firm
 * Philanthropy- Effort to make the economy better
 * Capitalism- Private ownership in an economy
 * Robber Baron- A feudal lord that robs travelers in his domain
 * Captain of Industry- A business leader during the Industrial Revolution Examples: J.P. Morgan
 * Union- A political organization Example: Soviet Union
 * Social Darwanism- A theory about the levels of wealth due to their genetic background
 * Urbanization- The growth of the society and the economy

Capitalism runs in the U.S. Where I live. I am a entrepreneur aspiring to bring in an advanced line of computer software. I want to go into the electronics industry because that's the market with the big bucks. I expect to gain a lot of money with the company I started and counting down the days where I can see my efforts become a success and be a tycoon.

Social Darwanism is like only the strong survive. Social Darwanism applies to the things we learned about because it describes a time where workers were working more hours with less pay and no health benefits and workers unionized to get better rights and about children gettin payed less and working just as much as the adults.