Transcript US History Chapter 11: Lesson 1

US History
Chapter 11: Lesson 1
A Growing Economy
The period in history when many people left
their homes and farms to work in mills was
called the _____________________.
The period in history when many people left
their homes and farms to work in mills was
called the Industrial Revolution.
The conditions for farming in
______________ were not good.
The conditions for farming in New England
were not good.
A ___________________________ gives a
person legal rights regarding an invention.
A patent gives a person legal rights regarding
an invention.
__________________________________
developed rapidly in the 1830s when legal
obstacles to their formation were removed.
Corporations developed rapidly in the 1830s
when legal obstacles to their formation were
removed.
Unnecessary “extras” such as libraries,
museums, and a variety of shops were
______ in plentiful supply in rural America in
the 1800s.
Unnecessary “extras” such as libraries,
museums, and a variety of shops were NOT
in plentiful supply in rural America in the
1800s.
_____________________________________
led to the Industrial Revolution.
New machines and new technology led to the
Industrial Revolution.
The
__________________________________
was a significant development in the way
goods were made.
The factory system was a significant
development in the way goods were made.
_____________________________
developed the system of interchangeable
parts.
Eli Whitney developed the system of
interchangeable parts.
The _________________________________
helped increase cotton production.
The cotton gin helped increase cotton
production.
New industrial towns tended to develop along
____________________________________
.
New industrial towns tended to develop along
streams and rivers.
Principles of
the Free Enterprise System
P____________________________
E____________________________
P____________________________
C____________________________
Principles of
the Free Enterprise System
Private Property
Economic Freedom
Profit
Competition
Principles of
the Free Enterprise System
P_____________________
Owning property allows you to use your own
capital (land, natural resources, or
possessions) in a way that you can make
money. Examples???
Principles of
the Free Enterprise System
Private Property
Owning property allows you to use your own
capital (land, natural resources, or
possessions) in a way that you can make
money. Examples???
Principles of
the Free Enterprise System
E___________________________
Being able to buy, sell, or produce whatever
you want.
Principles of
the Free Enterprise System
Economic Freedom
Being able to buy, sell, or produce whatever
you want.
Principles of
the Free Enterprise System
P___________________
In a free enterprise economy, you get to
keep the money your business earns. This
money is called profit.
Principles of
the Free Enterprise System
Profit
In a free enterprise economy, you get to
keep the money your business earns. This
money is called profit.
Principles of
the Free Enterprise System
C_____________________
Competition between companies helps keep
cost down and quality up for the consumer.
Examples???
Principles of
the Free Enterprise System
Competition
Competition between companies helps keep
cost down and quality up for the consumer.
Examples???
Principles of
the Free Enterprise System
Private Property
Economic Freedom
Profit
Competition