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US History #4

Chapter 5 Section 1

TermDefinition
Gross National Product - the total value of goods and services produced by a country during a year
Laissez Faire - policy that government should interfere as little as possible in the nations economy
Entrepreneurer - one who organizes, manages, and assumes the risks of business or enterprise
Edwin Drake - drilled the first oil well near Titusville, Pennsylvania
Alexander Graham Bell - suggested the idea of telephone
Thomas Alva Edison - leading poineer in new technology
Morrill Tariff - greatly increased tariff rates
Created by: summerharris
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