Am_eng_ch9 - The Americans(Survey Chapter 9 TELESCOPING THE TIMES Expanding Markets and Moving West CHAPTER OVERVIEW The economy of the United

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1 The Americans (Survey) Chapter 9: TELESCOPING THE TIMES Expanding Markets and Moving West CHAPTER OVERVIEW The economy of the United States grows, and so does the nation’s territory, as settlers move west. Texas is annexed from Mexico, and vast lands in the west are obtained by war. Section 1: The Market Revolution MAIN IDEA Technological changes created greater interaction and more economic diversity among the regions of the nation. The economy of the United States was changing. By 1850, rather than producing goods for themselves, more and more people were buying and selling goods. Fueling this change was capitalism, which gave private individuals and companies the right to own factories, machines, and land. Business owners invested their own money in the hopes of making a profit. Farmers’ lives changed, too. Growing urban populations needed more food to feed them. Farmers increasingly used machines to plant and harvest crops that they then sold. With their cash, they bought manufactured goods. As new technology lowered expenses, the prices of the goods dropped. People bought many new conveniences, such as shoes and boots coated with rubber or the new sewing machine. The telegraph allowed instant communication. Steamboats made river travel quicker and cheaper. In areas that didn’t have passable rivers, people dug canals, which cut shipping costs. Soon, though, railroads surpassed canals for shipping goods. These new modes of transportation linked the nation’s regions. While the Erie Canal linked East and West, steamboats on the Mississippi joined North and South. The
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2 Northeast became the nation’s manufacturing center. The Midwest grew food. Farmers used a steel plow to break the soil and a new mechanical reaper to quickly harvest their grain. In the South, the plantation economy dominated. Southern landowners relied on slave labor to grow cotton, tobacco, and rice. Section 2: Manifest Destiny
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This note was uploaded on 02/02/2010 for the course GOVT 131 taught by Professor Kenroberts during the Spring '07 term at Cornell University (Engineering School).

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Am_eng_ch9 - The Americans(Survey Chapter 9 TELESCOPING THE TIMES Expanding Markets and Moving West CHAPTER OVERVIEW The economy of the United

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