Industrial+Revolution+Group+4

1. Describe the “Transportation Revolution” and explain its effect on the U.S. economy (pp. 234-236). 2. Describe the “Market Revolution” and explain its effect on the U.S. economy (p. 236). 3. Identify the “Industrial Revolution” and describe the role of mass production and interchangeable parts (pp. 236-237). 4. Identify the causes and results of the Panic of 1819 (p. 237)

1. What made transportation speedier than wagons and flatboats?

2. What were the results of the Transportation Revolution?

3. Who invented the first steamboat capable of carrying heavy loads upstream?

4. What brought about the Market Revolution?

5. What were the effects of the Market Revolution?

6. Where and what started the Industrial Revolution?

7. Who was Sam Slater?

8. What is mass production and how was it used during the Industrial Revolution?

9. What were the causes of the Panic of 1819?

10. What were the effects of the Panic of 1819?

KEY: 1. Canals- reduced cost of trade by more than 90% Steamboats- helped to move goods upstream rather than down when flatboats could only go down Locomotives- could go anywhere tracks could be laid, steam powered 2. The Transportation Revolution created national markets and helped the economy to grow 3. Robert Fulton; helped open the door for more steamboat inventions 4. The Market Revolution was mainly brought about by new transportation systems 5. -Increased farmers' and manufacturers' profits -linked small towns to larger businesses-->increased the size of towns 6. The Industrial Revolution started in Britain with the first spinning mill which helped to make textiles over ten times faster 7. Slater brought over top secret machine plans from Britain in 1789 and convinced Moses Brown to finance the construction of a British style spinning mill. 8. Mass production is the manufacture of large quantities of goods and Eli Whitney developed the process if utilizing interchangeable parts which is mass production by use of identical replaceable parts. 9. Many manufacturers had borrowed money from state banks to finance new companies and in 1818 the Second bank of the U.S. ordered the state banks to demand repayment of all loans when the manufacturers were not ready to pay it. 10. -a chain reaction of bank failures, falling land prices, and foreclosures -the nation sank into an economic depression that lasted several years