The Economic Transformation
of the United States Economy
Describe the sectional difference
and features and the nature of
our dual economy?
Market Revolution
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Features: Mercantilism v. Free Enterprise
Agrarianism or Manufacturing
Role of the National Government
The Ideology
Business Cylces
Laissez Faire and Buzzwords
Federalists and Republicrats
An Historical Overview
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Colonial Setting Redux
Farmers and Merchants
Putting Out System: Hide/Tallow Example
Cottage Industries
Free Trade and Neutrality
The Factory System
Two Views: Jefferson v. Hamilton
Legal Precedents and Capitalism
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Marshall Court
Dartmouth Case and Contracts
National Bank Charter
McCulloch v Maryland
Gibbons v Ogden
Congress and American System
Role of Technology
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Patents,Innovations & Yankee Ingenuity
Protestant Work Ethic
Textiles Industry as Catalyst
Interchangeable parts, ass’bly line, and
mass production: Ford and Auto
Sources of energy for industry
The Inventors and Inventions
Transportation and Infrastructure
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Waterways and Land routes
Tariff Policy and Capital Improvements
The National Road Project
Canals: Erie, Great Lakes and NE
Railroads: North and South
Foreign Trade and Shipping
The Industrial Revolution
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What does this mean then and now?
Textiles, Slater Mill & Family System
Waltham System and Factories
Costs of Business
Role of Westward Migration
Jefferson’s Embargo and its Impact
The Urban Setting: Sign of Times
and Industrial Transformation
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Natural Increases and migration
Demand for goods and consumerism
Trades, Crafts and Industry
Rising Middle Class
Demand for cheap labor
Role of Immigration: Consider the Irish
Potato Famine & Revolutions in Europe
The Labor Movement
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What are the conditions facing workers?
Wage Slavery?
Rising Problem of Poverty
Women in Textiles
Bread and Butter Issues
Social Problems