Mr fitz 5.1

Industrial Revolution

Change from manual production to machine-powered factory production that started in England in late 1700s and came to America in the 1800s

Capital

Money invested in a business venture, often borrowed

Capitalist

A person who invests money in a business to make a profit

Scarcity

A shortage, lack of insufficient supply

Supply

The amount of goods or resources in stock or on hands or available to sell, low supply = high demand

Interchangeable parts

Identical, machine made parts for a tool or instrument

Lowell girls

Young woman who worked in the Mills of Lowell, Massachusetts, term came to mean woman workers in general

Urbanization

The movement of population from farms to cities

Three overall effects of the industrial revolution

Machine machines replaced hand tools, sources of power replaced human and animal power and Americans shifted towards manufacturing to make a living

How does capital relate to operating a spinning mill

James Hargreaves developed a spinning meal that used multiple threads at once

how do capitalist relate to the industrial revolution?

capitalist started inventing other useful things in hopes of making a profit. Edmond Cartwright built a loom powered by water.

What is the effect of scarcity?

Higher prices

What resources did factories need?

Raw materials, power, laborers

What were the three main effects of Eli Whitney’s new innovation?

Time and money was saved, identical parts would fit with other parts, and gunsmiths would not have to build each gun from scratch

What was the main reason that young women were drawn to working in the mills?

Economic freedom

What was the main factor in the rapid growth of urbanization?

Many retracted by job opportunities

How does Francis Cabot Lowell relate to the industrial revolution? Where did he build his mills?

Level created a spinning meal that used to multiple threads at the same time he built his mills in Watham, Massachusetts

What did Elias Howe invent and how did they change American Society?

How patterned a sewing machine and a few years later, Isaac Senior improved his machine, making closing makers and bringing sewing machines

What did Cyrus McCormick invent and how did it change American society?

McCormick invented, mechanical reapers, thousands of workers moved to the countryside as a result

How did Samuel Morse change American Society and what did he invent?

Samuel Morris invented a telegraph and contributed to the creation of Morse code. Telegraphs helped multiple businesses.