Question 1

What is a corporation?

Accepted Answer

A business recognized by the government and owned by stockholders

Question 2

What are stockholders?

Accepted Answer

Individuals who buy partial ownership of a company through a stock market

Question 3

What is a stock market?

Accepted Answer

A market where individuals can buy and sell stocks of a company

Question 4

What is a monopoly?

Accepted Answer

A corporation that has no competition in its market

Question 5

How did the Industrial Revolution affect the economy?

Accepted Answer

It led to the "modern" economy with corporations, stocks, and shareholders

Question 6

What was the Bessemer process?

Accepted Answer

An efficient way of producing steel that allowed Alfred Krupp to create a German steel monopoly

Question 7

Who was Cecil Rhodes?

Accepted Answer

British mining operator and politician that wanted to build a railroad from Cape Town to Cairo

Question 8

What is a transnational corporation?

Accepted Answer

A huge corporation that does business in multiple countries

Question 9

What was the Hong Kong and Shanghai Banking Corporation?

Accepted Answer

British-owned bank in Hong Kong that specialized in finance and banking

(Hong Kong was a former British colony)

Question 10

What is consumerism?

Accepted Answer

Economic order that promotes people to buy leisure goods

Question 11

What was the Unilever corporation?

Accepted Answer

A Dutch-British corporation that focused on goods such as soap

5.7 - Economic Effects of Industrialization, AP World History: Modern Flashcards