Chapter 11 Study Guide Flashcards
Where did the Industrial Revolution begin in America?
New England
What is capitalism?
Individuals put their capital into a business in hope of making a 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 Market System
What sets the prices of goods in a free enterprise system?
Prices / Cost is set by 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 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?
It rose
What was the cause of the growth of cities and towns in the North?
The growth of factories in the North
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, 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
