Chapter 14 Flashcards
Caste
An exclusive or rigid social distinction based on birth, wealth, occupation, and so forth.
Nativists
One who advocates favoring native-born citizens over aliens or immigrants.
Factory
An establishment for the manufacturing of goods, including buildings and substantial machinery.
Trademark
A distinguishing symbol of a manufacturer
Capitalist
An individual or group who uses accumulated funds or private property to produce goods for profit in a market.
Patents
The legal certification of an original invention guaranteeing the owner sole rights to profits for a specified period of time.
Liability
Legal responsibility for loss or damage.
Incorporation
The formation of individuals into an organized entity with legally defined privileges and responsibilities.
Labor union
An organization of workers that promotes the interests and welfare of its members.
Strike
An organized work stoppage by employees in order to obtain better wages, working conditions, etc.
Turnpike
Toll-based public road in the early nineteenth century to facilitate commerce.
McCormick’s reaper
Mechanized the harvest of grains, such as wheat, allowing farmers to cultivate larger plots.
Productivity
The relative capacity to produce goods and services, measured in terms of the number of workers and machines needed to create goods and needed to create goods in a certain length of time.
Barter
Trade