Chapter 11 Flashcards
What was the change from an agrarian society to one based on industry?
The Industrial Revolution
Where did the Industrial Revolution begin in America?
Began in New England area
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 System /Free Market System
What sets the prices of goods in a free enterprise system?
The supply and demand
What is technology?
Scientific discovers that simplify work
What gives inventors legal rights to their inventions?
Patents
Who invented the Cotton Gin?
Eli Whitney in 1793
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?
The demand increased
What was the cause of the growth of cities and towns in the North?
The growth of the 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 explorers settle there?
Dr. Thomas Walker
Who was the first permanent European settler in modern day Tennessee?
William Bean