2.1 Innovation Boosts Growth

7. bridges in which the roadway is suspended by steel cables
9. 27 countries divided the globe into 24 different ___________
10. taxes that made imported goods cost more than those made in the United States
11. is a grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time

1. established a research laboratory at Menlo Park, New Jersey in 1876. HE would receive more than 1,000 patents for new inventions and scientific discoveries. For example, with the goal of developing affordable lighting for homes, he and his team invented the lightbulb.
2. To meet the growing demand, factory owners and other innovators developed systems for turning out large numbers of products quickly and inexpensively
3. the freedom to run a business for profit with minimal regulation beyond what is necessary to protect the public interest
4. a man named Henry Bessemer developed a process for purifying iron to make strong, but lightweight, steel.
5. Before the Civil War, most southern planters had concentrated on such crops as cotton and tobacco, which were grown not for their own use but to be sold for cash
6. people who build and manage businesses or enterprises in order to make a profit
8. allowed businesses to operate under minimal government regulation