Vocabulary 1
A machine that removes the seeds from cotton fiber
What is the cotton gin?
A type of economy in which people are free to buy, sell, and produce whatever they want
What is free enterprise?
Rivalry based on the special interests of different areas
What is sectionalism?
A part of a machine or device that can be replaced by another part just like it
What is an interchangeable part?
The official count of the population
What is a census?
Economic activity taking place between two or more states
What is interstate commerce?
Legal rights to an invention and its profits
What is a patent?
A road on which tolls are collected
What is a turnpike?
A market where there is only one seller
What is a monopoly?
Economic system in which people and companies control production
What is capitalism?
A waterway made by people
What is a canal?
To transfer control of something
What is cede?
Money or other resources used to create wealth
What is capital?
A separate compartment in which water levels rise and fall in order to raise or lower boats on a canal
What are locks?
Agreement where Spain gave up Florida to the U.S.
What is the Adams-Onis Treaty?