Question

an age of big business
directions: search for evidence in the lesson to help you answer the following questions.

citing text evidence how did the petroleum industry first start?
_____________________________
_____________________________

summarizing complete the table by naming and describing the three factors of production.

essential question
how does technology change the way people live and work?

as you gather evidence to answer the essential question, think about:

• what the factors of production are.
• how corporations are organized.
• how the oil and steel industries grew

Explanation:

The problem involves analyzing the petroleum industry's start and factors of production, which relates to Business (specifically Economics) as it deals with industrial growth and production concepts. However, since the question is about citing text evidence and summarizing (with a focus on historical business/industrial development), the subfield could also lean towards Social Science (History) as it's about the historical start of an industry. But given the production factors aspect, Business - Economics is more relevant. For the first question (petroleum industry start), one would look for text evidence like the use of oil for lighting (whale oil shortage, discovery of petroleum's use), Edwin Drake's drilling, etc. For the factors of production table: 1. Land: Natural resources (e.g., oil fields, coal mines). 2. Labor: Workers (e.g., factory workers, drillers). 3. Capital: Tools/machinery (e.g., drilling rigs, factory equipment) and money for investment.

Answer:

For "How did the petroleum industry first start?": It first started with the search for alternatives to whale oil for lighting. Edwin Drake drilled the first oil well in 1859, and the discovery of petroleum’s usability (like refining it into kerosene for lamps) spurred its growth.

For the factors of production table:

Factor	Definition & Examples
Labor	Human effort (physical/mental) in production (e.g., oil rig workers, factory employees).
Capital	Man - made resources (tools, machinery, money) for production (e.g., drilling rigs, factory equipment, investment capital).