Chapter 11 Outline

Chapter 11 Outline - Elyse Noccioli Chapter 11 I Depression...

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Elyse Noccioli Chapter 11 I. Depression and Invention A. Panic and Depression 1. Martin Van Buren as Andrew Jackson’s protégé 2. Economy hits stormy waters i. Silver influx in American banks in mid 1830s ii. International trade aides in the crisis… Britain demanding repayment when cotton prices were dropping iii. American people angry about Jackson’s policy of only accepting specie and not paper money 3. Panic of 1837, 1839-43 4. Sub-Treasury Plan/ Independent Treasury Plan -In this system, public funds would be disbursed by the secretary of the treasury as the economy seemed to dictate and banks would be kept out of the picture B. The Charles River Bridge Case 1. Two bridges built within 300 feet of each other. First claimed monopoly. Roger B Taney regarded competition as a means for business to flourish C. Railroads 1. First between New York and Philadelphia in 1831 i. John Bull 2. By 1841 ten American railroad shops existed and produced 375 out of the 500 engines in the United States II. Cultural Ferment A. Public Schools 1. Horace Mann 1837- first secretary of the Massachusetts Board of Education 2. Oberlin College- first to admit women 3. Children are innately good B. Transcendentalism 1. Unitarianism- encouraged people to emphasize feeling rather than doctrine 2. Emerson- leading transcendentalist, believed humankind as deeply tied to nature, filled with its rhythms and longings C. Art and Popular Culture -Thomas Cole- (pp 366-67) New York, painted the Hudson River Valley;
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Chapter 11 Outline - Elyse Noccioli Chapter 11 I Depression...

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