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Unformatted text preview: Toward a Market Economy Several factors played a role in the development of the market economy in the United States. Millions of acres of land belonging to Native Americans in the Old Northwest and Southeast were taken over by the federal government. Federal land policy, though often benefiting speculators more than individual homesteaders, certainly encouraged settlement. American agriculture experienced an unprecedented boom from the introduction of new staple crops, such as cotton, and productivity advancements in farm equipment. Although the United States remained overwhelmingly rural, the country experienced significant urban growth between 1815 and 1860. Removal of Native Americans. The economic growth of the United States was achieved to a great degree at the expense of Native Americans. Despite giving up tens of thousands of acres through treaties, the tribes found the Americans....
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This note was uploaded on 11/19/2011 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.
- Fall '08