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Page 1: Effects of the Cotton Gin

Effects of the Cotton Gin

Page 2: Effects of the Cotton Gin

Invented by Eli Whitney

Page 3: Effects of the Cotton Gin

1: More efficient processing of cotton bolls

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2: More cotton sales in England and the North

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3: Development of textile industry in Northeast

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4: More reliance on slave labor

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5: Increased investment in land and slaves

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6: Minimum investment in factories in the South

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7: Increased reliance for the South on imports from

England or the Northeast

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Free Enterprise Say

whaaaat?

Page 11: Effects of the Cotton Gin

Enterprisenoun

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

Page 12: Effects of the Cotton Gin

Free Enterprise Voluntary exchange in an open-market

Economic freedom and economic choices

Private ownership and private property

Profit motive

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