Tuesday, November 18, 2014

The Industrial Revoulution


The Erie Canal during the Industrial Revolution was
used to transport goods and people across the country. Source
The Erie Canal was a man-made waterway, which helped to transport products and people from one place to another. The Erie Cana originally ran about 363 miles from Albany, New York, on the Hudson River to Buffalo, New York, at Lake Erie. This way of transportation allowed people to get to other parts of the country faster and also the goods for marchets were fresh because it arrived at the destination faster.

Although there were many factor that contributed to the U.S. becoming the number one economy of the world, it was the free enterprise and entrepreneurs that contributed the most to the success of the country. Free Enterprise is the Fredom of Private business to operate completively for profit. Thanks to this many people were more interested in creating their own companies. For people who did not want to go throught the hassle of starting a company they chose to become entrepeneurs. Entrepeneurs are risk takers who invest their money in new indstries. Due to the entrepeneurs and free enterprise it was easier for people to start their own industries and also more profitabl for theme. Entrepeneurs were also more interested in investing money on new ideas.   
This picture shows how an entrepeneur has to be prepare to
take risk that can affect the rest of their life. Source


The single most important resource the U.S. had to help it become the a work-wide industrial power was natural resources. The U.S. had an extensive amount of natural resources like Oil, Iron, Wood, Rivers Gold, etc. Because the U.S. had all these resources we started to export many of these resources to other countries.



                                              
                   









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