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Hi, my name is Alexander Graham Bell. A long time 

ago I invented the telephone. 

After I invented the telephone no one wanted to 

buy it. That is called supply and demand. 

Supply and demand is when I have a large or low 

amount of things and the people decided if they want 

to buy.

Then I got help from a man named JP Morgan. He is 

called and investor. An investor is a person who gives 

money to people to start a business.

He took a risk and gave me money to start my own 

business. This is called an investment. 

An investment is when a person gives you 

money or time to start a business or to buy 

something.

The telephone let people communicate from 

anywhere. Other inventors like Henry Ford also 

helped innovate cars for transportation. Innovate 

means to make something better with a new idea. 

And Thomas Edison created the light bulb so 

people could have light where they needed it.

People soon grew interested in my telephone 

and my business started to grow. It grew into a 

big company called AT&T.

 I ran my company all on my own and I made a 

lot of money. This called Capitalism.

Capitalism is when businesses are run by the 

people and not the government. 

In the end, JP Morgan took a big risk in me and 

got a big reward. My company grew into one of 

the top stores to sell phones.

And today people use phones at home, work, or 

even a cell phone for on the go.