Vocabulary
Gives an inventor the sole legal right to make money from an invention for a certain period of time
What is a Patent?
This tariff was designed to protect American manufacturers from foreign competition by placing high taxes on imports
What is the Tariff of 1816?
The inventor of the cotton gin
Who is Eli Whitney?
America's first highway that connected Ohio to the West Coast.
What is The National Road?
A Boston newspaper uses this term to describe life in America after the War of 1812.
What is the Era of Good Feelings?
A type of economy in which people are free to buy, sell, and produce whatever they want
What is free enterprise?
The three distinct sections of the United States during the early 1800's
What are the North, South, and West?
The inventor of the factory system, in which all manufacturing steps are combined in one place.
Who is Francis Cabot Lowell?
The construction of the National Road was halted during this war.
What is the War of 1812?
This president brought unity back to America after the War of 1812 and encouraged the government to guide the growth of trade and industry
Who is James Madison?
An economic system in which people and companies own the means of production
What is capitalism?
Warned European powers against further colonization or interference in the Western Hemisphere. It established that the Americas were a sphere of influence for the United States and stated that any European intervention would be seen as a threat to U.S. peace.
What is the Monroe Doctrine?
A part of a machine or device that can be replaced by another, identical part?
What is an interchangeable part?
The explorer and pioneer who explored and marked the Native American trail, Warriors' Path, with a group of skilled foresters.
Who is Daniel Boone?
Name three political initiatives that Henry Clay supported
Improving the economy in each section of the country. Increasing the power of the federal government. Higher tarriffs. A new Bank of the United States. Improving internal structures like roads, bridges and canals.
A market where there is only one provider
What is a monopoly?
What disagreement did the North and the South about Slavery in America?
Northerners believed in labor by free people and wanted to establish that in the West, and Southerners wanted to base their economy on slavery.
What is the slave trade?
This territory officially became a state in 1803
What is Ohio?
Restored order to the money supply and helped American businesses to grow.
What is the Second Bank?
Rivalry based on the special interests of different areas (differences in the goals and interests of different parts of the country)
What is sectionalism?
This plan admitted Missouri as a slave state and Maine as a free state. This compromise blocked slavery north of the line but permitted it south of the line.
What is the Missouri Compromise?
A type of business that can have many owners, sell stocks (shares of ownership in a company), and can grow to large size.
What is coportation?
1. Canals allowed people to settle on lands farther from the large rivers. 2. Crops/other goods have another route for shipping. 3. Pioneers are able to move west and expand their families 4. Western migration helps to spread American culture
Name an economical challenge in America due to competing with Great Britain