Effects of the Cotton Gin
Effects of the Cotton Gin
Feb 23, 2016
Effects of the Cotton Gin. Invented by Eli Whitney. 1: More efficient processing of cotton bolls. 2: More cotton sales in England and the North. 3: Development of textile industry in Northeast. 4: More reliance on slave labor. 5: Increased investment in land and slaves. - PowerPoint PPT Presentation
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Effects of the Cotton Gin
Invented by Eli Whitney
1: More efficient processing of cotton bolls
2: More cotton sales in England and the North
3: Development of textile industry in Northeast
4: More reliance on slave labor
5: Increased investment in land and slaves
6: Minimum investment in factories in the South
7: Increased reliance for the South on imports from
England or the Northeast
Free Enterprise Say
whaaaat?
Enterprisenoun
a profit-making enterprise: business, company, firm, venture, organization, operation, concern, corporation, establishment, partnership; informal outfit, setup.
Free Enterprise Voluntary exchange in an open-market
Economic freedom and economic choices
Private ownership and private property
Profit motive
Related Documents
