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U2L1 Notes 2: Vocab

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Term
Definition
Industry   The production of goods, such as in factories where manufacturing occurs  
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Industrial Revolution   Period in American (and world) history when the focus was on machines, factories, and industry  
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Natural Resources   Materials that are produced from the earth  
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Manufacturing   The making of goods by hand or machine  
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Capital   The money that is invested in business  
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Entrepreneur   People who invest and are willing to take a risk in business  
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Monopoly   Control over a certain good or industry by one company.  
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Labor   The people or effort that goes into making a good or service  
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Factors of Production   Things that are used to produce goods  
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Ethnic   Neighborhoods of people from a homeland that lived near each other with common cultures and languages.  
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Culture   The beliefs, languages and traditions of a country  
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"Yellow Peril"   Nickname by Native-born Americans named for immigrants from Asian countries  
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President Roosevelt's Gentlemen's Agreement   An unwritten agreement between two people or sets of people but is not considered a law  
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Chinese Exclusion Act   Informal agreement made with Japan to strictly limit immigration This act passed by Congress sharply limited Chinese immigration  
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Created by: jhanes2
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