Chapter 11 Flashcards
Where did the Industrial Revolution begin in America?
New England.
What was the change from an agrarian society to one based on industry?
Industrial Revolution.
What is capitalism?
The economic system of the US.
What is money used for an investment?
Capital.
What is a system where people are free to buy, sell, and produce what they want and can work where they wish?
Free enterprise/ free market.
What sets the prices of goods in a free enterprise system?
Supply and demand.
What is technology?
Scientific discoveries that simplify work.
What gives inventors legal rights to their inventions?
Patents.
Who invented the Cotton Gin?
Eli Whitney.
Who opened the first textile mill in the US?
Samuel Salter.
What happened to demand for cotton as a result of textile mill growth in New England?
Increased.
What was the cause of the growth of cities and towns in the North?
The growth of factories.
What is the difference between urban and rural?
Urban- city
Rural- country.
How did Pioneers usually migrate west?
Families.
What were the three things necessary for Western Expansion in the United States?
Roads
Steamboats
Canals.