Chapter 11 Flashcards
Sectionalism
Rivalry based on the special interests of different areas
Patent
Sole legal rights to an invention and its profits
Cede
To transfer or control something
Cotton Gin
A machine that removes seeds from cotton fiber
Free Enterprise
A type of economy in which people and businesses are free to buy, sell and produce whatever they want with a minimum of government interference
Canal
An artificial waterway
Monopoly
A market where there is only one supplier of a good or service
Interstate Commerce
Economic activity between 2 or more states
Interchangeable Part
A machine part that can be easily replaces by a identical part
Capitalism
An economic system in which private citizens and companies own the means of production
What was the Industrial Revolution?
An era in which many inventors made inventions that revolutionized many things
What was the Factory System?
A machine that could help build machines more efficently
Who invented the Eerie Canal?
Dewitt Clinton
Who invented the Steamboat?
Robert Fulton
Who invented the Cotton Gin?
Eli Whitney