Growth and Expansion Flashcards
Cotton gin
a machine that removes the seeds from cotton fiber
Interchangeable Parts
a part of a machine or device that can be replaced by another part just like it
Patent
legal rights to an invention and its profits
Capitalism
economic system in which people and companies control production
Free Enterprise
a type of economy in which people are free to buy, sell, and produce whatever they want
Census
the official count of the population
Turnpike
a road on which tolls are collected
Canal
waterway made by people
Lock
a separate compartment in which water levels rise and fall in order to raise or lower boats
Sectionalism
rivalry based on the special interests of different areas
Monopoly
a market where there is only one seller
Interstate commerce
economic activity taking place between two or more states
Eli Whitney
invented the cotton gin
Developed interchangeable parts
capitalists
dumping
Robert Fulton
Built the steamboat
Francis Cabot Lowell
Improved on Slater’s mill and wove cotton thread into cloth
began the factory system
Factory system
all manufacturing steps are combined into one place
Samuel Slater
Built a cotton thread mill
transportation to the west was improving during the 1800s
Identify where the Erie Canal expanded trade in the U.S.
leaders of sectionalism
Jose San Martin
How did US obtain Florida