Social Studies - Chapter 11 - Vocab Flashcards
(15 cards)
Capital
money or other items such as a machine or building used to create wealth.
Cotton gin
A machine that removes seeds from cotton fibers
Missouri Compromise
Main enters the union as a free state while Missouri enters as a slave state. So that the states are balanced between free and slave states.
Interchangeable part
a machine or device that can be replaced by an identical part.
Canal
an artificial waterway
Capitalism
A type of economy in which people are free to buy or sell and produce whatever they want.
turnpike
road on which tolls are collected.
Free enterprise
A type of economy in which people are free to buy or sell and produce whatever they want.
Census
the official count of a population
Patent
sole legal right to an invention and its profit
Locks
where water level rises rise and fall in order to raise or lower bots on a canal.
Sectionalism
rivalry based on the special interest of different areas.
Interstate commerce
economic activity taking place between two or more states.
Monopoly
is a market where there is only one provider.
Cede
to transfer control of something.
