Westward Expansion Prt 2 Flashcards
Barter
The direct exchange of goods of one another, without the use of cash
Productivity
The relative capacity to produce goods and services
Turnpike
Privately funded, toll based public road constructed in the early nineteen century
McCormicks reaper
Mechanized the harvest of grains,much as wheat allowing farmers to cultivate larger plots
Labor union
An organization of workers- usually wage earning workers- to promote the interests and welfare of its members often by collective bargaining with everyone
Strike
A organized work stoppage by employees in order to obtain better wages, working condition and so on
Patents
The legal certification of an original invention product or process guaranteeing the holder sole rights to profits from its use or reproduction for a specified period of time
Liability
Legal Responsibility
Incoperation
The formation of individuals into entity
Capitalist
A group who uses accumulated funds to produce goods
Trademark
Symbol or word used by manufactures
Factory
Establishment for manufacturing goods
Caste
An executive or ridged social distinction based on birth, wealth , occupation, and so forth