Unit+I+Vocabulary


 * 1) Industrial Revolution - when an economy changes by the new use of factories and technology
 * 2) Industry - production of things to be sold (Food and Furniture)
 * 3) Company - a group of people who join together to form a business (Standard Oil Company and McDonald's)
 * 4) Tycoon - a wealthy businessperson (Rockefeller and Bill Gates)
 * 5) Monopoly - a company that has all the control in that section of business (no monopolies exist)
 * 6) Entrepreneur - Someone who starts a new business with considerable risks (Henry Ford, Bill Gates)
 * 7) Corporation: A big business that people are able to buy parts of (Carnegie Steel, iRobot Corporation)
 * 8) Philanthropy: Charity
 * 9) Capitalism: Economy in which businesses that are run by the people control most of the industry (American Economy)
 * 10) Robber Baron: A person who makes a lot of money in a business by ways that are not always good (John Jacob Astor, J.P. Morgan)
 * 11) Captain of Industry: A wealthy business leader who uses his/her wealth to benefit the country
 * 12) Union: A group of employees who join together to improve their working conditions and to protect their interests (Stop n Shop Union)
 * 13) Urbanization: the change of a rural place to a place based on industry.
 * 14) Social Darwinism: survival of the fittest. Social Darwinism applies to businessmen because whichever businessman works the hardest will get to the top and make the most money and have a better, easier life. Workers have to keep working and can not give up, or else they will lose their job because there were no laws to protect them. If they lose their job, they can't make money for food, etc. Social Darwinism applies to the 2nd I.R. by both of these examples.
 * 15) Ellis Island: Immigration station near New York City. Where the Europeans entered America.
 * 16) Angel Island: Immigration station near San Francisco. Where the Asians entered America, though many Chinese were not allowed into America.
 * 17) Nativist: A native-born person who favors their own kind over immigrants.
 * 18) Tenement: run-down, overcrowded apartment.

If I had to start a business, I would be an __entrepreneur__ for a chocolate factory. Americans in general like chocolate, so there would be a high demand. I would want to make my __company__ into a __monopoly__, but that would be illegal, so I would have to settle with having a good company with competition.