2 Beginnings of the Industrial Revolution The Industrial Revolution changed the way people worked and livedIt began in Great Britain in the 1700sBy the 1800s the revolution had spread to the United States
3 Industrial Revolution in New England Took place in the early 1800sNew England was a very favorable place for the Industrial Revolution for a number of reasons:1. Poor farming meant many people were available to find work2. Many rushing rivers and streams to provide power for the factories3. Many ports for resources and trade
4 The American Economic System Develops The Industrial Revolution brings about the American economy that we have todayCapitalism or people putting their capital (or money) into a business to make a profit increases greatly.Free enterprise is a key component of the Industrial Revolution because people are free to buy, sell, and produce whatever they wantOther major elements of our economic system that developed and increased during the industrial revolution are: competition, profit, private property, and economic freedom.
5 New TechnologyThere were a number of scientific discoveries that simplified workIn 1793, Eli Whitney invented the cotton ginRemoved seeds from cotton fiber and enabled one person to do the work of 50
6 New TechnologiesEli Whitney also started the use of interchangeable partsThe factory system developed in the United States which put all the manufacturing steps together in one place…more efficentPatents were created to give inventors the sole legal right to their invention and its profits for a certain period of time
7 The Economy Diversifies In the Northeast the amount of people working in factories and manufacturing increased greatly. The farms in the region were small and the focus began to shift to industry.In the South and West farms became much bigger and huge plantations began to prop up. The new technologies meant more raw materials like cotton had to be produced, so the farms production increased.