Week 3 Article 1

Week 3 Article 1 - Week 3 Article 1: United States...

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Week 3 Article 1: United States Capitalist Development I. Intro a. Development of capitalism led to Asian Immigration b. CA and HI greatest Asian immigration II. Pre-Civil War a. European colonization had 2 purposes (presents a contradiction) i. Trade good (British West Indies) ii. White settlement (Australia) b. American colonists (capitalists) wanted to invest in goods to be sold to Britain i. Colonists tried to find “Free labor” but Native Americans were too sparsely settled or ravaged by Eur. Diseases (too hard), recruited blacks instead ii. High price of free labor in colonies was incompatible with production of good in Eur. Market 1. Transportation cost, labor cost 2. By using free labor, colonies would not produce cheap goods, and would in fact produce costly goods 3. Many people moved from GB b/c they were being displaced by new tech. and capitalist development III. Regional Differences a. South had slavery b. Artisans/poor in S. had a hard time c. South was unattractive b/c slavery dominated econ. d.
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Week 3 Article 1 - Week 3 Article 1: United States...

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