Overall, new transportation systems allowed for easier and cheaper trade which decreased the price of good as well as increased profit for companies and opened up more opportunities for businesses and stores in the North and Midwest. In the South there was not a significant economic change. New innovations in technology had enormous impacts on the United States. Eli Whitney’s invention of the cotton gin which benefited the South and North economically as the South would mass produce this cotton and send the raw product to the North, where it would be finished. Additionally, the invention of the steamboat allowed for upstream river transport and increased the flow goods. It was extremely important in the North as it allowed people to trade by allowing them to go up a river. However, new technology put in emphasis on manufacturing and this led many people to migrate up North to work, leading to immense poverty among those who were unskilled and had to work in terrible working conditions and low wages at the factories. Lastly, new innovations in the markets had significant effects on the American
Overall, new transportation systems allowed for easier and cheaper trade which decreased the price of good as well as increased profit for companies and opened up more opportunities for businesses and stores in the North and Midwest. In the South there was not a significant economic change. New innovations in technology had enormous impacts on the United States. Eli Whitney’s invention of the cotton gin which benefited the South and North economically as the South would mass produce this cotton and send the raw product to the North, where it would be finished. Additionally, the invention of the steamboat allowed for upstream river transport and increased the flow goods. It was extremely important in the North as it allowed people to trade by allowing them to go up a river. However, new technology put in emphasis on manufacturing and this led many people to migrate up North to work, leading to immense poverty among those who were unskilled and had to work in terrible working conditions and low wages at the factories. Lastly, new innovations in the markets had significant effects on the American