The economic transformation of the united states economy
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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?. Market Revolution. Features: Mercantilism v. Free Enterprise Agrarianism or Manufacturing Role of the National Government The Ideology

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The Economic Transformation of the United States Economy

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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?


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


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


Legal Precedents and Capitalism

  • Marshall Court

  • Dartmouth Case and Contracts

  • National Bank Charter

  • McCulloch v Maryland

  • Gibbons v Ogden

  • Congress and American System


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


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


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


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


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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