Expansion of the Market Economy-10/20/06

Expansion of the Market Economy-10/20/06 - Expansion of the...

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Expansion of the Market Economy I. The Role of the National Government Key Terms A. What is its Role? Cyrus McCormick and B. Boom and Bust Cycles the reaper II. Industrialization John Deere and the steel A. American System of Manufacturing plow B. Textile Mills Eli Whitney and the cotton III. Commercial Agriculture gin A. Mechanization of Agriculture B. In the North C. In the South IV. Workers and Labor A. Gendered Labor B. Changes in the Workplace C. Labor as a Movement Capitalism-economical system where the means of production and distribution are owned privately by individuals or corporations; goal is to make profit I. A. Republican influence- Government facilitated industrial growth-federal arsenals, post office played a role in circulating information, paten laws gave people a 17 year protection on their idea, tariffs Government helped agriculture too by moving the Native Americans Judicial decisions and their impact –state laws B. After War of 1812-plantation economies became very important when cotton became the cash crop in the south Supply and demand-people were dependant on one crop Labor- more people working as laborers for cash Specialization-people take on special skills
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Expansion of the Market Economy-10/20/06 - Expansion of the...

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