Chapter 11 Flashcards
Where did the Industrial Revolution begin in America?
New England
What is capitalism?
The economic system of the US it is when individuals put their capital into a business in hopes of making profit
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 marketing
What sets the prices of goods in a free enterprise system?
Prices and cost
What is technology?
Scientific discoveries that simplifies 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 Slater
What happened to demand for cotton as a result of textile mill growth in New
England?
It grew
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
What were the three things necessary for Western Expansion in the United States?
Roads, steamboats, and canals
Who led a failed expedition into Kentucky, but wrote journal writings that would
help future explorers settle there?
Dr. Thomas Walker
Who was the first permanent European settler in modern day Tennessee?
William Bean
Why was the Cumberland Gap important to the Wilderness Road?
It allowed a to be created that made passing through the Appalachian Mountains easier