Book Cover American History: A Survey 10/e   Alan Brinkley
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Chapter 10: America's Economic Revolution


Glossary

 

Glossary

  1. division of labor: The assigning of various duties to various workers rather than having one worker do an entire project. As a result, the worker becomes more specialized, more competent, and more productive.
  2. industrial capitalist: One who invests capital in manufacturing.
  3. merchant capitalist: One who invests capital in the buying, selling, and shipping of goods, but not in their production.
  4. packet line: A shipping line that carried mail, passengers, and goods on a regular schedule.
  5. technology: Industrial science. The study of how to improve industries through better machines, work schedules, factory organization.

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