Chapter 3 Flashcards
What was the natural resources?
- Raw material such as water timber, coal, iron, and copper
- Also petroleum that was turned into kerosene used in lanterns and store
- Oil rose
How did workforce happened?
Populated increase provided factories
What was free enterprise?
It was to profit motive to manufacturing and transporting without government control
Who and what was laissez-faire?
It was a motive in French, “let people do as they choose”
- believed in govern shouldn’t interfere in economy, should protect private property rights and maintain peace
What did laissez-faire do?
They relies on supply and demand. The idea of gaining wealth attracted people into businesses in hope of making profits for themselves
What did the new inventions do?
Increase nation’s productive capacity, improved the network of transportation and communications also new wealth and new jobs
Who made the new inventions?
Alexander Bell and Thomas Edison
What did Alexander bell invented?
Developed the telephone, it changed both business and personal communication
What did Thomas Edison invent?
He invented the phonograph and light bulb. Electric changed American society
Who signed the pacific railway act?
President Lincoln because it was the building of a transcontinental railroad
Why did US have so many railroads?
To make railroad service more reliable
How did these railroad worked?
Shift rail card from one section of the country to another. Long-distance transportation was faster. United people from different regions of the country
What was industrial like?
Industrial was a working place (factories) many Americans left their farm to work in the mines and factories
What was the natural resources?
- Raw material such as water timber, coal, iron, and copper
- Also petroleum that was turned into kerosene used in lanterns and store
- Oil rose
How did workforce happened?
Populated increase provided factories
