Key Terms
Key Terms II
Factories
Railways and Waterways
Corporations
100
Money paid in return for work
What is a wage?
100
A waterway made by people
What is a canal?
100
What made it possible for factories to be built away from rivers?
Steam engines as they did not need the power of flowing water.
100
Railroads and canals were both methods of ____________.
transportation
100
What do people get in return for investing?
By investing, people give a corporation money in return for a share of whatever the company earns.
200
Someone who moves to a new country
What is an immigrant?
200
Fill in the blank with a vocab term. During the 1800’s, thousands of European _______________ came to the Northeast looking for work.
immigrants
200
Where was Slater's mill and how were the machines in Slater's mill powered?
Slater's mill was along the Blackstone River in Pawtucket, Rhode Island and his machines were water-powered.
200
What was the main reason for Baltimore’s problem in 1827?
New York had better transportation.
200
What is one thing all successful corporations have in common?
teamwork
300
A kind of company that is allowed to raise money from the public
What is a corporation?
300
Fill in the blank with a vocab term. Many found jobs in mills and other factories. They worked hard for the ____________________ they earned.
wages
300
Why was Samuel Slater so important?
Samuel Slater was responsible for bringing the cotton-spinning machine from England.
300
What did the Erie Canal link?
The Erie Canal linked the Hudson River to the Midwest.
300
How do corporations raise money so they can grow/expand?
Corporations raise money by getting people to invest.
400
the process of moving something or someone from one place to another
What is transportation?
400
Fill in the blank with a vocab term. Factory goods were shipped by railroads and ____________.
canals
400
How did machines change the lives of the people in the Northeast?
Machines changed how people worked, and new goods became available.
400
What did the Erie Canal create?
The Erie Canal created a trade route that traveled between New York and the Midwest.
400
Why was running a railroad more difficult than running a small mill or factory?
It takes a lot of money to buy equipment and pay the many workers.
500
To give a company money in hopes of getting more money back at a later time
What is it to invest?
500
Fill in the blank with a vocab term. People who chose to ________________ in the railroad helped pay for new trains, offices, and tracks.
invest
500
Why were young people leaving work on the farms?
Young people could make more money in a factory. Farm work was hard and unpredictable.
500
What method of transportation replaced horse-drawn buses that ran on tracks?
Horse-drawn buses were replaced by electric streetcars.
500
What factors might a person consider before investing in a corporation?
Investors would want to know how much money the company made in the past and its forecast for the future.
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