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Unformatted text preview: The Ultimate Lecture Note Guide “ There will be one essay question (worth 50 – 70 points). This essay question will have to do with the last third of the class: the lectures and readings assignments since the second exam. This means, all lectures from 10/29 through 12/7; Henretta, chapters 8-14; The Bonds of Womanhood by Nancy Cott and Uncle Tom’s Cabin by Harriet Beecher Stowe. All lecture outlines are posted under course documents on Blackboard. Reading guides for the books by Cott and Stowe are also posted on Blackboard” Seaholm. M, 10/29The Market Revolution and Early Industrialization The preindustrial, pre-market economy Emergence of national market economy: late 18 th , early 19 th centuries • Attitudes favorable to capitalism and economic individualism o Buy/sell = basis for community o Expectation to profit/prosper o Improved material lives o Self made man – personal achievement tied to upper and middle class • Westward expansion o 50 mil in west as of 1860 o Families wanted enough land to settle children nearby o Wanted to recreate traditional rural communities o Greater profits, fertile land o Fleeing slave states, overcrowding • Transportation Revolution o Erie canal – cut transport costs and sped up flow of goods o Steamboat – upstream transport o Mail network expanded and interstate commerce unrestricted by states o Railroad – linked NE and MW o • New legal and governmental support-- Commonwealth system--Decisions of the “Marshall court” America’s Industrial Revolution, early stages • Technological innovation o Low cost/high output scared british that America would export to britian o Eli whitney – interchangeable parts, cotton gin o Mass production o • New systems of power to drive machines o Water powered grain mills o Steamboats o Coal mines provided NE with cheap fuel • Industrial capital o Factories o British trade halted, Americans encouraged to be entrepreneurs o Boston merchants business disrupted, without trade o Boston associates – o State banks formed o Insurance companies recognized sources of capital • Transportation Revolution/National Market o Cost of moving goods went down • Labor (as a commodity) o Journeymen – laborers with specialized skills, had strong sense of craft identity, formed unions and bargained with employers o Labor theory of value – price of a good should reflect labor required, most of the money should go to the producer. Women textile workers and women mill workers striked against wage cuts. o Labor organizations campaigned for better working conditions • Active, supportive government o Myth – golden age or lezzie faire capitalism o State govt supported private biz • The emergence of a national market economy: late 18 th early 18 th century; attitudes were favorable to capitalism & economic individualism; westward expansion- people migrated west b/c of the population growth- doubled;...
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This note was uploaded on 09/17/2011 for the course HIS 315K taught by Professor Matttribbe during the Fall '11 term at University of Texas.
- Fall '11