Chapter 11 Terms 1 Coach Mac

Yeti Adventure

Technology

Equipment that makes use of advanced knowledge and skill to solve a problem or do a task.

Eli Whitney

Invented the cotton gin.

Cotton Gin

A machine that removes seeds from cotton fiber.

Interchangeable Parts

A part of a machine or device that can be replaced by another, identical part.

Patent

Sole legal right to an invention and its profits.

Samuel Slater

British worker that built copies in the U.S of British machine that made cotton thread.

Francis Cabot Lowell

American industrialist who improved on Slater's mill in 1814.

Capitalism

Economic system in which people and companies own the means of production.

Capital

Money or other items, such as machines or buildings, used to create wealth.

Free Enterprise

a type of economy in which people are free to buy, sell, and produce whatever they want.

Elements

Part of a larger whole.

Corporation

A business owned by stockholders who share in its profits.

Stock

A share of ownership in a corporation.

Census

The official count of a population.

Daniel Boone

Famous early pioneer who cleared Wilderness Road, a new route to the west.

Wilderness Road

A trail into Kentucky.

Turnpikes

Road on which tolls are collected.

Region

An area defined by a feature or characteristic.

Robert Fulton

Invented the steamboat in 1807.

Robert Livingston

A political and business leader who hired Robert Fulton to build a steamboat.

DeWitt Clinton

New York governor who built the Erie Canal.