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Chap.10; Section 1
Studying
Term | Definition |
---|---|
Cotton Gin | A simple machine that quickly and efficiently removed the seeds from the cotton fiber |
Interchangeable Parts | Identical machine parts that could be put together quickly to make a complete product |
Patent | Gives the inventor the sole legal right to the invention and its profits for a certain period of time |
Factory System | Where all manufacturing are brought together in one place to increase efficiency |
Capitalism | The economic system of the United States |
Capital | Money |
Free Enterprize | Another term to describe the American econmy |