Unit 5 - Economic Growth Flashcards
What was the Industrial Revolution?
The era when inventions helped farming and factories. Goods were cheaper and demand for workers grew.
What was the cotton gin?
It expanded cotton production and the need for more slaves in the south.
What were the effects of the War of 1812?
Manufacturing in the U.S increased because they were boycotting British goods.
What were interchangeable parts?
They were a way to produce goods faster. The mass production of goods led to the prices decreasing.
What is Free Enterprise?
It’s an economy based on supply and demand with little government regulation.
What were canals?
They were man-made rivers that led to the price of goods decreasing.
What happened to women during this time period?
They started working outside the home, mainly in textile mills.
How did steamboats and railroads affect the U.S?
It resulted in faster, more efficient transportation of goods. It also led to a decrease in the price of goods.
What was the telegraph?
It was an invention made by Samuel Morse used to communicate rapidly over long distances.
