Chapter 7 2
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Chapter 7 2

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    Chapter 7 2 Chapter 7 2 Presentation Transcript

    •  Erie Canal National Road Steamboats and Canals Iron Horse
    •  Free enterprise based on private property rights  Acquire capital and use it- no government intervention and the passage of general incorporation laws.  Allowed experimentation with new technologies Increased competition Low taxes = money to invest General Incorporation Laws Limited liability
    •  Stony soil discouraged farming and made manufacturing more attractive. Relatively dense population provided labor Shipping brought in capital while seaports made easy imports and exports. Rapid rivers provided abundant water power.
    •  Who is Who  Sam Slater "Father of the Factory System“  Francis Lowell Growth of cities  Rapid urbanization created an array of problems
    •  Increased the industrial growth in the U.S.  Interchangeable parts  Eli Whitney  Impact of the cotton gin (changed America and the world)  Samuel Morse  Telegraph -"What hath God wrought?"
    • Accounted for largest % of population increase 1.Germans 2.Catholic southern IrishGains for workers Laboring men get voting rights. Commonwealth v. Hunt (1842)Agriculture still leading economic activity