1. NATIONALISM AND ECONOMIC GROWTH
The American Nation
4/23/2019
NATIONALISM AND ECONOMIC GROWTH
Section 2: The Challenges of Growth
CHAPTER 7--NATIONALISM AND ECONOMIC GROWTH

2. Objectives: What did the American System attempt to accomplish?
The American Nation
4/23/2019
Objectives:
What did the American System attempt to accomplish?
How did the Transportation and Market Revolutions affect the U.S. economy?
How did the Industrial Revolution change the way goods were made in the United States?
CHAPTER 7--NATIONALISM AND ECONOMIC GROWTH

3. American System Creator of the ideas, Henry Clay:
The American Nation
4/23/2019
American System
Creator of the ideas, Henry Clay:
proposed a national bank to provide sound currency and a source of loans
favored a protective tariff to encourage industrial development
favored a transportation system to link merchants and producers
CHAPTER 7--NATIONALISM AND ECONOMIC GROWTH

4. Logic Behind the American System

5. Transportation Revolution
The American Nation
4/23/2019
Transportation Revolution
reduced the cost of shipping goods
increased development in the interior
created national markets
Market Revolution
increased regional specialization
increased the size of towns
increase in profits of farmers and manufacturers
Industrial Revolution
shift to machine production
encouraged new inventions and new businesses
enabled mass production
CHAPTER 7--NATIONALISM AND ECONOMIC GROWTH

6. The Market Revolution https://www.youtube.com/watch?v=RNftCCwAol0
Crash Course 14:10 minutes