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14 Cards in this Set

  • Front
  • Back

Capitalism

An economic system in which private individuals and corporations control the means of production and use them to earn profits.

Specialization

In farming, the raising of one or two crops for sale rather than a variety of foods for personal use.

Entrepreneur

A person who organizes, operates, and assumes the risk for a business venture.

John Deere

He invented the first steel plow. It sliced through heavy soil much easier than existing plows and therefore took lees animal power to pull. It allowed farmers to replace their oxen with horses.

Cyrus McCormick - Mechanical Reaper

It permitted one farmer to do the work of five hired hands. It was packed in parts and shipped to the farmer along with a handbook of directions for assembling and operating. It encouraged people to seek land in the limitless west.

Manifest Destiny

The 19th-century belief that the United States would inevitably expand westward to the Pacific Ocean and into Mexican territory.

Panic of 1837

A U.S. financial crisis in which banks closed and the credit system collapsed, resulting in many bankruptcies and high unemployment.

Oregon Trail

Oregon Trail: A route from Independence, Missouri, to Oregon City, Oregon, used by pioneers traveling to the Oregon Territory.

Santa Fe Trail

A route from Independence, Missouri, to Santa Fe, New Mexico, used by traders in the early and mid-1800s.

Mormon Trail

Nauvoo, Illinois to Salt Lake City, UTAH

Treaty of Fort Laramie

To aid settlers in the few attacks of them and to provide assurance to the settlers.Natives signed treaty and promised to stay out of the settlers way.

Results of Fort Laramie Treaty

Traditional Native Hunting lands were depleted. Buffalo and Elk starting to disappear.U.S. Violated terms of the treaty.Promises were not keptLater, Natives were to leave lands and to relocate to reservations.

California Gold Rush

A movement of many people to a region in which gold has been discovered.

Transcontinental Railroad

A railroad line linking the Atlantic and Pacific Coasts of the United States, completed in 1869.