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Unformatted text preview: -high birth rate-increase in immigration-5 million in 1800 23 million in 1850-2 depressions in 1818 and 1839 1821 Mexico won independence from Spain-Government volatile, fractured-Settlement was a political agenda Led us to the Mexican War (1846-1848) 13,000 Americans died, even more Mexicans died (much of this was because of disease)-Mexico lost nearly ½ its territory-Sold most of region for $18 million-Sold the rest 5 years later – “Gadsden Purchase”, 1853 Econ History 111A 2/1/11 B. What should be done with the enormous 1.2 billion acres of land? i. Sold for full value(high prices, big lots) Federalists(Alexander Hamilton) Extracting high revenues from land-Strengthen Federal Governemnt Feeding reassure is good for public good-discourage settlement Less agriculture encourage manufacturing(in what land we have-Be good for current landowners(their land value with decrease if we suddenly open the new land to everyone...
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- Spring '08
- -High Birth Rate, permanent transit rights, Econ History Midterm