CHAPTER 11 LESSON 1 A GROWING ECONOMY

INDUSTRIAL GROWTH THE INDUSTIRAL REVOLUTION BEGINS IN ENGLAND IN THE MID 1700s MACHINES BEGAN TO DO JOBS ONCE DONE BY HAND Production increased and the cost of goods decreased People began to leave their homes and farms to work in factories (mills) and collect wages. This made huge difference in how things were made. The first industry affected by the industrial revolution was the textile (cloth making) industry. New power source- water power replace human and animal power Cities began to grow around rivers and streams because factories (mills) developed there THE INDUSTRIAL REVOLUTION IN THE U.S. Came to the U.S. Around 1800 from England Because the geography of New England, industry developed there first. Fast rivers and streams for power and poor soil lead people to work in mills Good ports and shipping also helped industry develop there.

INDUSTRIAL GROWTH….. continued NEW INVENTIONS Technology drove the industrial revolution 1793 Eli Whitney’s cotton gin Factory system and interchangeable parts https://www.youtube.com/watch?v=qyvxFCMShNQ RISE OF FACTORIES PATENTS protected peoples inventions to help them make money SAMUEL SLATTER brought the Industrial Revolution to America by building the first U.S. factory FRANICS CABOT LOWELL improved on the factory system. He put all the manufacturing steps in one place.

FREE ENTERPRISE THE FREE ENTERPRISE ECONOMIC SYSTEM HELPED SPUR INDUSTRIAL GROWTH. CAPITAL CAPITALIST CAPITALISM ELEMENTS OF THE FREE ENTERPRISE SYSTEM 1- ECONOMIC FREEDOM 2- PROFIT 3- PRIVATE PROPRETY 4- COMPETITION . PEOPLE ARE FREE TO WORK WHERE THEY WISH .BUY WHAT THEY WISH . PRODUCE WHAT THEY WISH Youtube “The Promises of Free Enterprise”

AGRICULTURE GROWS Despite increasing industrialization most Americans still live and worked on farms. AGRICULTURE MOVED WEST RASIED PORK AND GREW CASH CROPS LIKE CORN AND WHEAT IN THE SOUTH, COTTON PRODUCTION ROSE SHARPLY THE DEMAND FOR COTTON GREW STEADLY AS THE TEXTILE INDUSTRY GREW SOUTHERNERS NEEDED MORE LAND AND MORE SLAVES TO GROW COTTON

ECONOMIC INDEPENDENCE INVESTORS PROVIDED MONEY NECESSARY TO BUILD NEW BUSNESSES IN HOPE TO MAKE MONEY PEOPLE INVESTED IN CORPORATIONS SHARES= OWNERSHIP-IN HOPES OF MAKING A PROFIT CITES BEGAN TO GROW DURING THE INDUSTRIAL REVOLUTION ALONG RIVERS WATER POWER SHIPPPING CITES POSITIVES AVAILABLE JOBS LEASURE TIME – LIBRAIRES, MUSEUMS, SHOPS CITIES NEGATIVES FIRE LACK OF SEWERS LED TO DISEASES