Lecture Outline 10, Regionalism and Diverging Economies, The North and South

Lecture Outline 10, Regionalism and Diverging Economies, The North and South

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1Lecture 10, Regionalism and Diverging Economies, The North and the South Main Ideas: a. Period under consideration: 1820-1860 b. Themes: i. Economic transformation reshaped people’s lives ii. Most Americans were still rural iii. A new economy took hold in cities and towns iv. Industrialization tied together the northeast and northwest v. Southern economy was less diversified and had less infrastructure 1. Northern Economic Growth i. Economy shifted from agriculture to industrial production ii. Per capita output grew by 2% iii. Per capita income doubled iv. Economy was unstable: booms and busts a. Factors Fueling Economic Development i. Abundance of natural resources ii. Expanding population iii. Influx of European immigrants iv. Transportation canals Railroads b. Capital and Government Support i. European investors supplied much investment capital ii. American merchants also supplied capita iii. Banks stimulated growth iv. State and local governments fueled growth v. National government fueled growth
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course HIST 1103 taught by Professor Rohrer during the Spring '06 term at Oklahoma State.

Page1 / 3

Lecture Outline 10, Regionalism and Diverging Economies, The North and South

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online