U.S. History Early 1600s Chapter 11 Vocabulary Flashcards
Cotton Gin
A machine that removes the seed from the cotton fiber
Interchangeable Parts
A part of a machine or device that can be replaced by another identical part
Patent
A sole legal right to an invention and its profits
Capitalism
An economic system in which people and companies own the means of production
Capital
Money or other items such as machines or buildings are used to create wealth
Free Enterprise
A type of economy in which people are free to buy, sell, and produce whatever they want
Census
The official count of a population
Turnpikes
A road on which tolls are collected
Canal
An artificial or man-made waterway
lock
Separate compartments in which water levels rise and fall in order to raise or lower boats on a canal
Erie Canal
A 363-mile canal that connects New York and Buffalo
Sectionalism
Rivalry based on the special interests of different areas
Monopoly
A market where there is only one provider
Interstate Commerce
Economic activity taking place between two or more states
Missouri Compromise
This compromise allowed Maine to enter the union as a free state and Missouri to enter the union as a slave state to keep an even balance of power; 12 free states and 12 slave states. It also blocked slavery to the north and allowed it to the south