Terms Chapter 14

Question 1

Nativist

Answer 1

One who advocates favoring native-born citizens over aliens or immigrants

Question 2

Factory

Answer 2

Establishment for the manufacturing of goods, including buildings and substantial machinery

Question 3

Trademark

Answer 3

Distinguishing symbol or word used by a manufacturer on its goods, usually registered by law to protect again imitators

Question 4

Capitalist

Answer 4

An individual or group who uses accumulated funds or private property to produce goods for profit in a market

Question 5

Patents

Answer 5

Legal certification of an original invention, product, or process, guaranteeing its holder sole rights to profits from its use or reproduction for a specified period of time

Question 6

Liability

Answer 6

Legal responsibility for loss or damage

Question 7

Incorporation

Answer 7

Formation of individuals into an organized entity with legally defined privileges and responsibilities

Question 8

Labor union

Answer 8

Organization of workers usually wage-earning workers to promote the interests and welfare of its members, often by collective bargaining with employers

Question 9

Strike

Answer 9

Organized work stoppage by employees in order to obtain better wages, working conditions, and so on.

Question 10

McCornick’s reaper

Answer 10

Mechanized the harvest of grains, such as wheat, allowing farmers to cultivate larger plots

Question 11

Turnpike

Answer 11

Privately funded, toll-based public road constructed in the early nineteenth century to facilitate commerce

Question 12

Productivity

Answer 12

In economics, the relative capacity to produce goods and services, measured in terms of the number of workers and machines needed to create goods in a certain length of time

Question 13

Barter

Answer 13

Direct exchange of goods and services for one another, without the use of cash or any medium of exchange

Question 14

Caste

Answer 14

Exclusive or rigid social distinction based on birth, wealth, occupation, and so forth.