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The Economic Transformation of the United States Economy Describe the sectional difference and features and the nature of our dual economy?

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Presentation on theme: "The Economic Transformation of the United States Economy Describe the sectional difference and features and the nature of our dual economy?"— Presentation transcript:

1 The Economic Transformation of the United States Economy Describe the sectional difference and features and the nature of our dual economy?

2 Market Revolution Features: Mercantilism v. Free Enterprise Agrarianism or Manufacturing Role of the National Government The Ideology Business Cylces Laissez Faire and Buzzwords Federalists and Republicrats

3 An Historical Overview 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

4 Legal Precedents and Capitalism Marshall Court Dartmouth Case and Contracts National Bank Charter McCulloch v Maryland Gibbons v Ogden Congress and American System

5 Role of Technology 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

6 Transportation and Infrastructure 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

7 The Industrial Revolution 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

8 The Urban Setting: Sign of Times and Industrial Transformation 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

9 The Labor Movement What are the conditions facing workers? Wage Slavery? Rising Problem of Poverty Women in Textiles Bread and Butter Issues Social Problems


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