Chapter 14 Flashcards
Nativist
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 or word used by a manufacturing on its goods, usually registered by law.
Capitalist
An individual or group who uses accumulated funds or private property to produce goods for profit in a market.
Patents
A legal certification of an original idea, guaranteeing its holder sole rights to profits.
Liability
Legal responsibility for loss or damage.
Incorporation
The formation of individualism to an organized entity with legally defined privileges and responsibilities.
Labor Union
An organization of Workers, to promote interest and welfare of its members.
Strike
An organization worked by employees to obtain better wages, working conditions, and so on.
McCormick’s Reaper
Mechanized the harvest of grains, allowing larger harvests.
Turnpike
Privately funded, toll based public road constructed in the early nineteenth century to facilitate commerce.
Productivity
The relative capacity to produce goods and services, in terms of numbers of workers and machines needed to produce by a certain time.
Barter
The direct exchange of goods and services for one another, without currency.
Caste
An exclusive or rigid social distinction based on birth, wealth, occupation, and so forth.
