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One day at school, Mrs.kerboples class was 

learning a social study's lesson about 

capitalism.

Mrs.kerbople opened a History Story book and 

started to read

“once apon a time, there was a man named 

thomas Edison , He Spent all of his time doing 

experiments in his lab..

“He was building, the light bulb, but every time 

he tried he messed it up…"

"He took a major risk in making the light bulb, 

he tried 10,000 times but still no luck…"

"Then came along another man, named JP Morgan  

he had lots of money…"

"He wanted to help edison finish his light bulb, so 

he gave him money to help him finish his project."

“Class this is called an Investment, its when 

someone gives another person money so they 

can make something, and when it sells, they 

get some of the money."

“Ok continuing on, edison used the money to 

finish his light bulb, his idea was to make a light 

that doesn't need fire.."

"Edison had invented and is selling light bulbs, 

class this is called an entaprenure, its a long 

word! it means hes the inventor or starter of a 

business."

"Moving on, people didn't like edison to much, 

so it was a rocky road at first, but then out of 

no where, the demand for light bulbs 

skyrocketed!"

"Here is another vocab word class, 

Supply and Demand, the supply is the 

amount of a product that the 

entrapenure has, and demand is the 

amount of that item that everybody 

wants."

“Edison's invention helped people give light in 

their home, it uses energy to light up,

capitalism made morgan and edison a major 

profit."

"Class there are 2 vocab words in there, 

anyone know what they are?"

"Economy and capitalist!" John yelled,

"Close!" Mrs. Kerbople replied

"Capitalist and profit!" Jan blurted

"Very good!" Mrs. Kerbople praised

"Capitalism is an industry that is controlled by a 

private owner to make profit"

"he had put a patent on the light bulb 

so no one else could make the light 

bulb, or sell it. This caused a 

Monopoly, a Monopoly is when a person 

is the only person who sells that 

item."

"way, way, way, later people have put new 

innovations on the Light bulb, for example, 

these school lights above your head are 

innovations of the regular light bulb."

"in the end, edison and morgan made lots of 

money on the light bulb, and they lived happily 

ever after…."

"That's all for this lesson class, ill see you 

tomorrow!"