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American Market Revolution
American Market Revolution
Challenges Facing the US
The US had a infant industry that had to compete with the British economic powerhouse.
The infrastructure of the "New States" was weak. (KY, OH, TN, etc)
The First Bank of the US had expired in 1816, was renewed and was set to expire again in 1836.
Agricultural Innovations
It all started with Sam Slater (not a farmer).
Steel Plow (DEERE ME)
McCormick Reaper
BUS BACK STORY
American System
Cotton Gin - Whitney
Increased need for cotton and this more slaves
Hamilton v Jefferson
Strict v Loose Constructionist
* BUS reinstated (advocated by Clay in 1836.)
* Used to regulate the spending of the national government for
different economic purposes.
*
Infrastructure For the States:
Inter v Intra
* the gov traditionally funded interstate trade
* Clay tried to pass a bill for funding of the KY roads
it was vetoed by Jackson (intrastate commerce)
* Tariffs:
Protective Tariffs (Not supported by all) (Nullification)
Excise Taxes on domestic items (Whiskey)
Technology
AS REVIEW
Industrial Revolution
Market Revolution
Interchangeable Parts (Cookie Cutter)
POSITIVES:
* Linked the NE and the Midwest
* Infrastructure improved
* government supported economic programs
* American industry grew
Transformation in the energy used for work, the location of manufacturing, and the need for cheap labor.
Mass production
Areas of Change Industrially:
Technological (Machines replaced human labor)
* organic to mechanic
Telegraph
Negatives:
* Did not Unify the country
Sectionalism increased (South v North and West)
Nullification (SC Calhoun)
* government role in intrastate commerce increased
* The South did not want to pay taxes for improvements in
other states.
Transportation:
Steam, Railroads, Canals, Government Maintained Roads
America in the Wake of A Revolution
Nationalism
Cumberland Road from Maryland to Ohio (fed funded)
Erie Canal from Albany to Buffalo (NY expense)
Westinghouse breaks for Railroads
Fultons steamboats that ran against the current.