Thursday, April 5, 2012

Market Revolution

Cotton Gin- created by Eli Whitney, sped up the production of cotton
Irish Immigration- Irish was leading immigrant population and they did the dangerous jobs like building railroads, and they got very low wages. Irish were very discriminated against also.
Hunt v. Massachusetts- the case made unions illegal
Conestoga Wagons- also known as covered wagons, people could now trail by horse and wagon and keep all their stuff dry
Factory System-made in factories
General Incorporation Law- allows companies to form corporations
Laissez Faire- government did much to assist capitalism
Yankee Ingenuity- Americans were willing to try anything
Trans-Atlantic Cable- a cable that went across the Atlantic Ocean that allowed the US to communicate with Morse code to other countries
Samuel Slater- first dual purpose textile plants in Lowell, Mass.

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