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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 Enterprise noun 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