Effects of the Cotton Gin

Invented by Eli Whitney

1: More efficient processing of cotton bolls

2: More cotton sales in England and the North

3: Development of textile industry in Northeast

4: More reliance on slave labor

5: Increased investment in land and slaves

6: Minimum investment in factories in the South

7: Increased reliance for the South on imports from

England or the Northeast

Free Enterprise Say

whaaaat?

Enterprisenoun

a profit-making enterprise: business, company, firm, venture, organization, operation, concern, corporation, establishment, partnership; informal outfit, setup.

Free Enterprise Voluntary exchange in an open-market

Economic freedom and economic choices

Private ownership and private property

Profit motive