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MA History

Modern American History

Supply amount of good available to the public
demand the "wants" of the people/consumer
more supply price of item goes down
less supply price of item goes up
Bad times busts (people buy less)
Good times booms (people buy more)
Business cycle pattern of good and bad times
Natural resources Lumber, water, coal, iron, copper, silver and gold
Growing population cause 1860-1900: 31 million to 76 million
Growing population effect Lead to demand for goods
Improved Transportation Railroad production – ship items faster and farther
High Immigration 1860-1900: 14 million new immigrants
High Immigration Many skilled workers from Europe and China
High Immigration Many unskilled workers provided the labor
Electricity
Created by: jco16