Chapter 11 Flashcards
Where did the Industrial Revolution begin in America?
Newburyport,Massachusetts
What was the change from an agrarian society to one based on industry?
Industrial society
What is capitalism?
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.
What is money used for an investment?
To help out a company that u think will be profitable
What is a system where people are free to buy, sell, and produce what they want and can work where they wish?
Capitalism
What sets the prices of goods in a free enterprise system?
Supply and demand
What is technology?
Anything that can help us out in doing work
What gives inventors legal rights to their inventions?
Patent
Who invented the Cotton Gin?
Eli Whitney
Who opened the first textile mill in the US?
Samuel slater
What happened to demand for cotton as a result of textile mill growth in New England?
It went up
What was the cause of the growth of cities and towns in the North?
Factories (jobs)
What is the difference between urban and rural?
Urban=city, rural=country
How did Pioneers usually migrate west?
Wagons and horses
What were the three things necessary for Western Expansion in the United States?
Food,water,&shelter
