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Chapter 10
Section 1-3
| Term | Definition |
|---|---|
| Cotton Gin | A machine that removed seeds from cotton fiber |
| Capitalism | An economic system based on private property and free enterprises |
| Interchangeable Parts | Uniform pieces that can be made in large quantities to replace other identical pieces |
| Capital | Money for investment |
| Patent | A document that gives an inventor the sole legal right to an invention for a period of time |
| Free Enterprise | The freedom of private businesses to operate competitively for profit with minimal government regulation |
| Factory System | System bringing manufacturing steps together in one place to increase efficiency |
| Census | Official count of population |
| Canal | An artificial waterway |
| Turnpike | A road that one must pay to use; the money is used to pay for the road |
| Lock | In a canal, an enclosure with gates at each end used in raising or lowering boats as they pass from level to level |
| American System | Policies devised by Henry Clay to stimulate the growth of industry |
| Sectionalism | Loyalty to a region |
| State Sovereighty | The concept that states have the right to govern themselves independent of the federal government |