Term
| Free enterprise system/ capitalism |
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Definition
1776 adam smith's wealth of nations
profit motive
invisible hand- supply and demand
no government interference
competition |
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Term
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Definition
scottish engineer
memorizes factory plans and immigrates to us and builds first factory system out of GB |
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Term
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Definition
1790-1825 Cumberland road connects st. Louis to Baltimore
expensive and raises taxes
Private companys pay for it and then toll ppl who use it. |
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Term
| textile mills/loweel mill |
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Definition
factors promoting it: north east's geography, quasi war-interchangeable parts, embargo act, war of 1812-catalyst for manufacturing
Lowell mill-factory workers (young girls) live at the factory |
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Term
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Definition
| most southerners dont like it because it mainly benefits the north and the west |
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