American History - Unit 4 ✅

Entrepreneurs

People who build and manage businesses or enterprises in order to make a profit

Laissez Faire

Policies that allow businesses to operate under minimal government

Protective Tariffs

Taxes that made imported goods cost more than those made in the United States

Patent

A grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time

Thomas Edison

The person who established a research laboratory at Menlo Park, New Jersey in 1876. He was a creative genius who had only a few months of formal education, and received more than 1000 patents for new inventions and scientific discoveries.

Time Zones

24 different zones, one for each hour of the day, that the railroads adopted because of how difficult it was to set schedules

Mass production

Systems for turning out large numbers of products quickly and inexpensively