5.7 - Economic Developments and Innovations

Question 1

Stockholders

Answer 1

people who own shares (stock) in a corporation and share in its profits

Question 2

Stock Market

Answer 2

a system where shares of corporations are bought and sold

Question 3

Monopoly

Answer 3

complete control of a product or service by one company, limiting competition

Question 4

Cecil Rhodes

Answer 4

British businessmen who built a mining empire in Africa and promoted imperialism

Question 5

Transnational

Answer 5

operating in or across multiple countries (often describes corporations)

Question 6

Hong Kong and Shanghai Baking Corporation

Answer 6

major British-founded bank supporting trade in Asia; now know as the HSBC

Question 7

Unilever Corporation

Answer 7

large transnational company selling food and household products globally

Question 8

Consumerism

Answer 8

the culture and practice of buying and using goods in large amounts

Question 9

Urbanization

Answer 9

the growth of cities as people move from rural to urban areas, often due to industrialization