Economic Trends What are the political and social impacts of economic developments?????

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Presentation transcript:

Economic Trends What are the political and social impacts of economic developments?????

Manufacturing expanded during war Bank of No. America then 1st Bank of U.S. Land Speculation States charter business corp. Outwork system grows What were the political and social impacts of each? Economy of a New Nation 1780-1810

Outwork= Opportu-nity for women

Supreme Court guards property Erie Canal Protective Tariffs 1816-1836: 2nd Bank of US Supreme Court guards property Erie Canal Protective Tariffs U.S. Textiles compete w/Britain Manufacturers grow in Midwest Economic Revolution 1820-1850

In what ways did the emerging industrial economy conflict with artisan republicanism?

Response to Prompt Common law against unions until Commonwealth v. Hunt (1842) prioritize workers’ individual rights and business rights Producing v. non-producing society=workers as commodity Mechanization increased supply faster than demand

Industrial Revolution & National Economy Rise of Sharecropping after CW Railroad expansion Homesteading and ranching Vertical Integration Emergence of managerial work Economic cycles provoke calls for reform Industrial Revolution & National Economy 1870-1910

Problems with Trusts

Erosion of labor rights Isolationist Trade-tariffs Oligopolies Consumer culture Radios Refrigerators Cars Stock market bubble Fragile banking Boom & Bust 1920s-1930s

Military Industrial Complex Increase in real wages Consumption economy Infrastructure & suburbanization Gov’t Spending on Great Society then Vietnam Postwar Boom 1945-1970

Political and social impacts Consumption Conformity Sunbelt

Economic Developments… Have political and social impacts.