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What effect did machines have on Americans?
Goods were produced more quickly and cheaply
What effect did new machine have on Americans?
Goods made by machine were more quickly and more cheaply.
What did Robert Fulton's idea prove about the clermont?
The Clermont proved that steamboats could move people and goods quickly and cheaply.
What made it possible for factories in early American history to produce goods more quickly and cheaply?
Child labor was introduced
What factors contributed to economic globalization during the twentieth century?
Transportation advances. It made things easier for people and goods to move quickly as well as cheaply
Why did the people build factories?
To move out from small workshops and houses into huge buildings where people saw the opportunity to produce products quickly and cheaply. The owners employed people cheaply and the majority were children.
What did Robert Fulton's idea prove?
He proved that steamboats could move people and goods quickly and cheaply. He also proved that steamboats were an easier way to travel upstream.
What was the name of the production team that was created by Henry Ford to make goods quickly?
assembly line
Should you worry if foreigners sell us goods cheaply?
People should worry if foreigners sell goods cheaply. People have already seen the effects of this because the sale of American goods have dropped.
What was the goal of mass production as describe by Henry?
To build cars cheaply enough so that his factory workers could afford themTo sell the most products to the most number of people possibleTo build goods so cheaply that everyone could afford them
What principle states that each country would specialize in the production and export of goods that it could produce more cheaply than any of its trading partners?
comparitive advantage more goods are produced in the trading countries, and the wealth of the countries
How did mass production make economic boom?
It allowed large numbers of goods to be produced quickly and inexpensively
