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The Market Revolution and the Role of the "Peculiar Institution."

CH S 245 Spring 2018: Week 6, Lecture 1
by

Carlos Hernández

on 3 October 2018

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Transcript of The Market Revolution and the Role of the "Peculiar Institution."

The Market Revolution and the Role of the "Peculiar Institution."
Reducing of Democracy
Citizen defined practically as white and male
-Women lacked voting rights: treated as male property, no legal status.
-Increased oppression of blacks
*Growth of slave codes
*Punishment against free blacks
*Racial inferiorities “biological”
*Slave rebellions

Four major issues of Jackson's presidency
Indian Removal Issues
Reducing Democracy
Nullification Crisis
Bank of the United States

Jacksonian Democracy
The Market Revolution,1800-1840
Historical model characterized by a drastic change of the economy.
The transformation of an agrarian to a capitalist society.
Affected all aspects of the market economy in line with both nations and the world.
Charles Grier Sellers, a leading historian of the Market Revolution, portrays it as a highly negative development that marked the triumph of capitalism over democracy.
He argues that this was one of the most significant transformations of America within the first half of the nineteenth century.
Catalysts: a series of innovations in transportation and and communication.
Abolitionist Movement
The Abolitionist Movement was active in Northern and Western states before the Civil War.
Abolitionists wanted slaves to be freed.
Some abolitionists favored relocating them in Africa.
Many, but not all, abolitionists believed African-American slaves should have the same freedoms as their owners.
Southern states opposed the abolition of slavery; it was a financial necessity and part of their social structure.
The South’s agricultural trade depended on crops produced with slave labor.
Conclusion
Market Revolution transformed and divided American society and its conception of freedom.
Encouraged an emphasis on individualism and physical mobility among white men.
Severely limited optioins available for women and people of color.
Opened new opportunities for economic freedom for many Americans.
It lead other Americans fear that their traditional economic independence was being eroded.
Debate over the market revolution and its consequences for freedom would be reflected in American politics.
The "Peculiar Institution"
The Second Middle Passage
Domestic slave trade
Accounts for the forced migration of 1-2 million slaves being sold between 1820-1860.
"The Peculiar Institution"
Slavery.
Its history in America begins with the earliest European settlements and ends (legally) with the Civil War.
Yet its legacy continues to reverberate loudly.
Slavery existed both in the north and in the South, at times in equal measure.
The industrialization of the north and the expansion of demand for cotton in the south shifted the balance so that it became a regional issue, as the southern economy grew increasingly reliant on cheap labor.
As is always true in history, cultures grow and thrive in all conditions.
Two interdependent cultures emerged in the American south before the Civil War — the world the slaveholders created for themselves and the world of their slaves.
Slave Fugitive Act 1793
Slave Fugitive Act 1850
Dred Scott v. Stanford, 1857
Full transcript