All Flashcards
What is the Market Revolution?
A shift from self-sufficiency to producing goods for sale.
What is an entrepreneur?
A person who drives change with new tech and business ideas.
What is the Industrial Revolution?
A period of significant technological advancement, especially in manufacturing.
Define urbanization.
The growth of cities as people move for work.
What is consumerism?
Increased purchasing of goods and services.
What are interchangeable parts?
Standardized parts that can be easily replaced or mass-produced.
Define supply and demand.
An economic model determining price and quantity based on availability and desire.
What is infrastructure?
Basic physical and organizational structures needed for a society or enterprise.
What is a textile?
A type of cloth or woven fabric.
What is interregional trade?
Trade between different regions of a country or the world.
Who was Samuel Morse?
He invented the telegraph, allowing for instant long-distance communication.
Who was Eli Whitney?
He invented the cotton gin in 1793, revolutionizing cotton production.
What was the significance of the start of the Industrial Revolution in Britain?
It led to machines that could produce thread and fabric quickly, boosting the textile market.
What was the impact of the Erie Canal?
It connected the East Coast and the Great Lakes, revolutionizing trade.
What was the effect of railroads becoming the best form of transportation?
Railroads made any city a trading center, leading to rapid expansion, especially in the North.
What was the impact of the National Road's creation?
It was the first federally funded road, improving travel and trade from Maryland to Illinois.
What was the impact of the invention of the telegraph?
It allowed for instant long-distance communication.
What was the effect of the invention of the McCormick reaper?
It made harvesting grain faster and more efficient.
What was the effect of the invention of the power loom?
It sped up textile production and led to large factories.
What was the effect of the invention of the steam engine?
It revolutionized transport and industry, powering ships, trains, and factories.
What was the effect of the invention of interchangeable parts?
It made mass production cheaper and more efficient.
What was the effect of the invention of the cotton gin?
It made cotton production explode.