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The Industrial Revolution: Transforming Work and Economy

Explore how the Industrial Revolution reshaped work and the economy, starting in New England around 1800. Discover the impact of technological advancements, the emergence of capitalism, and the diversification of the United States economy.

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The Industrial Revolution: Transforming Work and Economy

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  1. The Industrial Revolution Changes how people work

  2. Begins in New England around 1800 • Why New England? • Geography- • Poor Soil- people left farms to find work • Many rushing rivers and streams to provide waterpower. • Many ports for shipping and trading.

  3. The American Economic System Develops • Capitalism – individuals put their capital, or money, into a business in hopes of making a profit. • Free enterprise – people are free to buy, sell and produce whatever they want.

  4. Major Elements: • Competition • Profit • Private property • Economic freedom

  5. New Technology • Scientific discoveries that simplify work. • 1793- Eli Whitney invented the cotton gin. • Quickly and effectively removed seeds from cotton fiber. • Enabled one person to do the work of 50.

  6. Patent- • Gives an inventor the legal right to the invention and its profits for a certain period of time.

  7. The United States Economy Diversifies! • Northeast – Manufacturing/Factories • South and West - Agriculture and Farming

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