Regionalization and the Market Economy: The Northeast and the Midwest Mr. Bach Hudson High School Advanced Placement United States History.

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Regionalization and the Market Economy: The Northeast and the Midwest Mr. Bach Hudson High School Advanced Placement United States History

America Before the Market Revolution Subsistence agriculture in most regions Remote living in the Old Northwest (Midwest) Manufactured goods obtain from abroad or through local skilled craftsmen Smaller towns and port cities

Transportation Revolution Canals Erie Canal Completed in 1825 after 7 years of work

The U.S. Canal System

Transportation Revolution Steamboats

Transportation Revolution The National Road One of the first Federally-funded road projects Cumberland, Maryland to Vandalia, Illinois

Transportation Revolution Railroads

American Railroads to 1860

Transportation Revolution Telegraph Invented by Samuel Morse in 1837 Patents in 1800 = 306 Patents in 1860 = 28,000

What was the effect of the Transportation Revolution? Transportation Revolution Culture?Society?Politics?Economy?

The Business Cycle Boom and Bust The Roller-Coaster of the Market Economy Panics of 1819, 1833, 1837, and 1857

The American System Tariff of 1816 Second Bank of the United States (1817) Internal Improvements Henry Clay

New York Stock Exchange (1817) New York becomes center of investment capital for new businesses and manufacturing interests

How did the Market Economy Change Life? Market Economy Rich?Women?Poor?Men?

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