Unit 3: Vocab Review

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African-American inventors

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Elijah McCoy inventor of lubricant for steam engines. Madame C.J. Walker created the first African American beauty products. Sarah Goode patent for folding bed. 

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Capitalism

Back

An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

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Chinese Exclusion Act

Back

1882 law banning Chinese immigration of laborers for a period of ten years in the United States. 

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Florida East Coast Railroad

Back

Developed by Henry Morrison Flagler - linked the entire east coast of Florida, from Jacksonville to Key West, by a single railroad system.

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Gentlemen’s Agreement

Back

Japanese government’s agreement to limit emigration of Japanese to the US in exchange for the repeal of San Francisco’s segregation order that had separated Japanese children and put them in a separate school. 

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Henry Flagler

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An American tycoon, real estate promoter, railroad developer and John D. Rockefeller's partner in Standard Oil.

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Horizontal Integration

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A company that buys out all of an industry and drives out competition. 

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Immigration (old vs. new)

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Old immigrants came from mostly western and northern Europe. New immigrants came from Eastern and Southern Europe. 

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Industrialization

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The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. 

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Innovation

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The process of translating an idea or invention into a good or service for which customers will pay.