Teams will all receive an expense report that lists all the companies with their income and expenses. Then, teams must list the companies that are breaking even or losing money so that the industrialists can sell those companies off. Teams will compete against each other to figure out each company's profits or losses. The industrialists wants you to figure out which of his companies are making a profit and which ones are losing money. In this Challenge, each team is an corporate accountant for a big business industrialist during the Gilded Age. The Challenge 2 Activity is called Show Me the Profit. If it is correct, the teacher gives the team their place in the race for Challenge 1! If it is incorrect, the teacher shakes her head, “NO” and the team goes back to their table to find and fix their mistake. When teams are done, they bring their board to the teacher station. They will glue down pictures in the third column next to the word and definition that it describes. In Round 3, teams work to match picture representations to the vocabulary words and definitions that they represent. If it is correct, the teacher gives the team a set of picture cards. They will glue down definitions in the second column next to the word that it defines. In Round 2, teams work to match the definitions to the vocabulary cards. If it is correct, the teacher gives the team a set of definition cards. In Round 1, students will race to glue down all the vocabulary words in the first column of the game board in alphabetical order. First, student teams will receive a game board. The Challenge 1 Activity is called Match 3. Wealth distribution: the way the money in a nation is divided among groups of people Profit: the money left after all the bills and expenses in making and selling something are paid Population: the number of people living in a region Market: the production, distribution, and sale of a productīig business: when industries developed because companies grew in size and expanded all over the U.S.Ĭapitalism: an economy in which a nation's trade and industry are controlled by private businessmen for profit, rather than by the government of the nation Trust: partnerships between big corporations in an industry where the stocks of all the companies involved in the partnership are combined and a group of people are selected to manage and control the combined stocks Vertical integration: when a company buys the companies needed to produce and transport the product in order to reduce costs Hostile takeover: when a company buys another company that does not want to be bought Merger: when two companies agree to join their companies together into one companyĪ cquisition: when one company purchases another company Horizontal integration: when a company within an industry buys other companies in the industry until all the competition is gone Monopoly : when a company or corporation controls all of the production and sales of a product giving them the ability to control the price Industrialists : businessmen who owned large corporationsĬorporation: a way of organizing a business where the business is divided into shares and sold to stockholders who would share all the profits and losses Graft: the acquisition of money, gain, orĪdvantage by dishonest, unfair, or illegal means, especially through the abuse of one's position or influence in politics, business, etc.īankruptcy : when a business does not have the money to make their product or pay their debts Industry: all the companies that produce one product or all the companies that produce the materials in making a product Product: something that is made or grown to be sold or used Infrastructure : the basic equipment and structures such as tunnels, roads, and bridges that are needed for a country or region to function properly Economy: the way in which a nation uses its resources and how it makes and spends its money
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