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Chapter 8 Section 1. Industrial Revolution- machines over humans and animals Began- Britain- 1700’s- textile- clothing. Chapter 8 Section 1. Mills- stream or water- hydroelectric power Water frame, spinning jenny, power loom Increase in profits Steam engine- James Watts
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Chapter 8 Section 1 Industrial Revolution- machines over humans and animals Began- Britain- 1700’s- textile- clothing
Chapter 8 Section 1 • Mills- stream or water- hydroelectric power • Water frame, spinning jenny, power loom • Increase in profits • Steam engine- James Watts • Samuel Slater- Pawtucket, RI- water-powered textile mill • Eli Whitney- interchangeable parts- exact standard • Cotton gin- seeds- raw cotton • Patent- license- government
Chapter 8 Section 1 • Export- cotton- booms • Depend on land • New land • Enslaved Africans • Road building boomed • “Corduroy roads”, plank roads • River travel- Robert Fulton- Clermont- “North River Steamboat”- Hudson River • Erie Canal- Atlantic Coast- Great Lakes
Chapter 8 Section 1 • Railroads- Baltimore to Ohio- B & O • Postal service expands • Market Revolution- way US manufactures goods • NE- manufacturing- use machinery • Francis Cabot Lowell- centralized- one facility • Free enterprise- capitalism- profit, competition, private ownership- means of production • Specialization- one part of the process
Chapter 8 Section 1 • New banks open • Investment capital- money- business spends- future gain • Uncontrolled lending occurs • Bank note- paper issued to customers