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11 Cards in this Set
- Front
- Back
industrial revolution
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time period where they used machines instead of people and animals
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interchangeable parts
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all parts made to an exact standard
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cotton gin
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a machine that seperates seeds from raw cotton
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patent
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license from governement
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market revolution
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This change in the way Americans made bought and sold goods
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Manufacturing
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Use of machinery to make products
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Centralized
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Single facility where all the tasks making products were carried out
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Free Enterprise Systems
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Economic system in which private companies compete for profits
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Specialization
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A system in which each worker performs just one part of a entire production process
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Investment Capital
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Money that a business spends in hopes of future again
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Bank Note
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A piece of paper that banks issued to there custom
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