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US History #4
Chapter 5 Section 1
Term | Definition |
---|---|
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 |