click below
click below
Normal Size Small Size show me how
U2L1 Notes 2: Vocab
Term | Definition |
---|---|
Industry | The production of goods, such as in factories where manufacturing occurs |
Industrial Revolution | Period in American (and world) history when the focus was on machines, factories, and industry |
Natural Resources | Materials that are produced from the earth |
Manufacturing | The making of goods by hand or machine |
Capital | The money that is invested in business |
Entrepreneur | People who invest and are willing to take a risk in business |
Monopoly | Control over a certain good or industry by one company. |
Labor | The people or effort that goes into making a good or service |
Factors of Production | Things that are used to produce goods |
Ethnic | Neighborhoods of people from a homeland that lived near each other with common cultures and languages. |
Culture | The beliefs, languages and traditions of a country |
"Yellow Peril" | Nickname by Native-born Americans named for immigrants from Asian countries |
President Roosevelt's Gentlemen's Agreement | An unwritten agreement between two people or sets of people but is not considered a law |
Chinese Exclusion Act | Informal agreement made with Japan to strictly limit immigration This act passed by Congress sharply limited Chinese immigration |