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11 Cards in this Set
- Front
- Back
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Industrial Revolution
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Ongoing effort over many decades to increase production by using machines rather than the power of humans or animals.
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Interchangeable parts
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All parts are made to an exact standard.
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Cotton Gin
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A machine that separates the seeds from raw cotton fibers.
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Patent
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A license from the government giving an inventor the sole right to make.
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Market Revolution
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Goods that were bought and sold.
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Manufacturing
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The use of machinery to make products.
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Centralized
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A single facility where all the tasks involved in making a product were carried out.
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Free Enterprise System
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An 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 an entire production process.
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Investment Capital
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Money that a business spends in hopes of future gain.
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Bank Note
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A piece of paper that banks issued to their customers.
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