CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by...

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CH 9 Section 1

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Capitalism is an economic system in which private businesses and individuals control production in order to make a profit.

Transcript of CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by...

Page 1: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

CH 9 Section 1

Page 2: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

The “market economy” meant that workers spent the money they earned on

goods made by others.

Farmers turned to specialization, raising one or two crops that they could sell. People bought and sold goods rather than making them for themselves.

Page 3: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

Capitalism is an economic system in which private businesses and individuals control

production in order to make a profit.

Page 4: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

The growing populations in the cities needed more and more food.

Farmers used machines to plant and harvest the crops that they then sold to the cities.

Page 5: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

Samuel F.B. Morse

Invented the telegraph. This device could send messages by wire in a few seconds.

Page 6: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

Mestizos

• People who were part Spanish and part Native American.

Page 7: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

Steamboats made river travel quicker and cheaper. People began building railroads to move goods.

Transporting goods by railroads was more expensive than by canals, but they moved goods faster.

Page 8: CH 9 Section 1. The market economy meant that workers spent the money they earned on goods made by others. Farmers turned to specialization, raising.

During harvest time, farmers used the mechanical reaper a new invention by Cyrus McCormick.

Farmers used a steel plow invented by John Deere to help them better prepare the land for planting.