Unit 5.Economic Growth Flashcards
What is Economic Growth about?
It was a time of increase of production on goods and a more easier transportation of resources in the economy overtime which lead to higher income and living conditions.
What was used to increase production of goods?
Many Inventions were what were mainly used to produce more goods for example the Cotton Gin which made more slavery and a Increase in cotton production.And the Mechanical reaper Which allowed a much more larger production of crops while using fewer workers.
What was used to transports resources more easily?
Invention were also used to transport goods more easily as well for example the Steamboat which allowed people to moved the goods up and down there River much more quickly.And the Canals which are man made water ways that connected cities and also markets.And lastly Railroads that made easier transportation of longer distances and help move west.
How did this all help the Living Conditions?
This helped because the availability increase of goods and resources made it easier for the people to get their needs.This also led to higher Income which helped make healthcare and education more invested.
What did this eventually lead to?
This eventually lead to an increase of population because it increased the birth rate and attracted people towards the area if the economy were to be thriving.
