Chpt 11 Flashcards
What was the change from an agrarian society to one based on industry
Industrial revolution
Where did the Industrial Revolution begin in America
New England
What is capitalism
Individuals put their capital into a business in hopes 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
Supply and demand in a free enterprise system
What is technology
Scientific discoveries that simplify 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
As textile mills were growing in New England demand for cotton grew
What was the cause of the growth of cities and towns in the North
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
Steamboats, roads & canals
Who led a failed expedition into Kentucky, but wrote journal writings that would
help future explorers settle there
Thomas walker
Who was the first permanent European settler in modern day Tennessee
William bean