ECONOMIC GROWTH Flashcards
1
Q
What were the main factors driving economic growth?
A
Industrialization, transportation improvements, and westward expansion.
2
Q
What role did the Erie Canal play in economic growth?
A
Facilitated trade, linked New York to the Great Lakes.
3
Q
How did the invention of the cotton gin affect the economy?
A
Boosted cotton production, fueling the Southern economy and slavery.
4
Q
What was the impact of the National Bank on economic growth?
A
Stabilized currency, supported credit, and financed infrastructure.
5
Q
What is a push factor?
A
A factor that pushes you out of your home country.
6
Q
What is a pull factor?
A
A pull factor is a factor that pulls you toward another country?
