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industrial revolution
social and economic changes brought about by machines replacing hand tools and large-scale factory production
mass production
production of goods in large quantities
interchangeable parts
parts that are exactly the same
cotton gin
cleaned cotton and made it possible to make profit, helped drive the growing of cotton
National Road
connected Maryland to Illinois
Erie Canal
connected Great Lakes to Hudson River
nationalism
belief that national interests should be placed ahead of regional concerns/interests of other countries
Monroe Doctrine
President Monroe warned Europeans to not try and expand in Western hemisphere, that their current holdings would not be interfered with by US
Democratic-republican party
the forerunner party of today’s Democrats created by Andrew Jackson after he suspected Adams made a corrupt deal to be elected President
spoils system
incoming President throws out former appointees and replaces them with their friends
Indian Removal Act
passed in 1830, provided money to negotiate treaties to force natives to move west
Trail of Tears
Cherokee forced to travel 800 miles from their homes out west
Tariff of Abominations
name for 1828 tariff passed to protect American goods
whig party
formed by Democrats angry at Andrew Jackson
Bank of the United States
was to be recharted in 1832 but vetoed by Jackson, all federal revenue deposited in bank, but interest earned by private stockholders
panic of 1837
banks printing more paper money than they have gold/silver and devalued paper money, banks closed and people lost money
specialization
raising one or two cash crops that they could sell at home or abroad
market revolution
people bought and sold goods instead of making them for their own use
capitalism
the economic system in which private businesses and individuals control the means of production like factories, machines, and land and them to earn profits
entrepreneurs
means “to undertake”
business people who supplied their own funds to create a capital, the money, property, machines, and factories that fueled America’s expanding economy
telegraph
carried messages, tapped in code, across copper wire