Capitalists; Global Economy                                                Name ____________________________

 

 

  1. The Food and Drug Administration regulates producers of food and medicines.  How did Philip Armour’s meat company lead to the formation of the FDA?

 

 

 

  1. How did famous early industrialists like Andrew Carnegie and John D. Rockefeller speed the passage of anti-trust legislation?

 

 

 

  1. How did Henry Ford’s assembly line make cars more affordable for America’s middle class?

 

 

 

  1. Our government wants to promote competition between businesses.  How does competition result in better quality in technology, medicine, and other important products?

 

 

 

  1. What does the term “global economy” mean?

 

 

 

  1. Why do countries trade with other countries?

 

 

 

  1. Name two key products that the US imports from other countries.

 

--

--

 

  1. How can global trade help American companies?

 

 

 

  1. How can global trade result in more jobs?

 

 

 

  1. How have new communications technologies (internet, etc.) contributed to the growth of the global economy?

 

 

 

  1. How can technology increase the profits of companies?

 

 

 

  1. Describe the relationship between your level of education and your chance to get a good job.

 

 

 

  1. Describe the relationship between your level of education and the possible average income you will earn.

 

 

 

  1. List 5 characteristics of a person who would make a good employee.

 

--

--

--

--

--

 

  1. List 3 things that could hurt your chances of getting a good job.

 

--

--

--

 

  1. What types of skills are becoming more important in today’s job market?

 

 

 

 

  1. List two possible jobs that you might want to have when you are done with school and the level of education you will need to get that job.

 

Job 1:                                                              Education needed:

 

Job 2:                                                              Education needed: