Charles R. Schwab

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/charles-r--schwab

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was Charles R. Schwab born?July 29, 1937
2. Where was Charles R. Schwab born?Sacramento, California
3. What is Charles R. Schwab known for?Founding The Charles Schwab Corporation and pioneering the discount brokerage model
4. What is the career?Investor, financial executive, and founder of a major financial services firm
5. Who is Charles R. Schwab?Charles R. Schwab is a businessman who started a company that made buying and selling stocks cheaper and easier for many people.
6. What did he do that was special?He created a discount brokerage that charged much lower fees than other firms, letting more people invest in the stock market.

Discount Brokerage: A financial services firm that executes buy and sell orders for securities at a lower commission rate than full-service brokers.
Securities Dealer: An individual or firm that buys and sells financial instruments, such as stocks and bonds, for their own account or on behalf of clients.
Democratization of Finance: The process of making financial products and services more accessible and understandable to a wider population.
Net Worth: The total value of a person's assets minus their liabilities.