What are the political and social impacts of economic developments ????? ECONOMIC TRENDS.

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What are the political and social impacts of economic developments ????? ECONOMIC TRENDS

 Manufacturing expanded during war  Bank of No. America then 1 st Bank of U.S.  Land Speculation  States charter business corp.  Outwork system grows ECONOMY OF A NEW NATION

OUTWORK= OPPORTU- NITY FOR WOMEN

 : 2 nd Bank of US  Supreme Court guards property  Erie Canal  Protective Tariffs  U.S. Textiles compete w/Britain  Manufacturers grow in Midwest ECONOMIC REVOLUTION

IN WHAT WAYS DID THE EMERGING INDUSTRIAL ECONOMY CONFLICT WITH ARTISAN REPUBLICANISM?

 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 RESPONSE TO PROMPT

 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

PROBLEMS WITH TRUSTS

 Erosion of labor rights  Isolationist Trade-tariffs  Oligopolies  Consumer culture  Radios  Refrigerators  Cars  Stock market bubble  Fragile banking 1920s-1930s BOOM & BUST

 Military Industrial Complex  Increase in real wages  Consumption economy  Infrastructure & suburbanization  Gov’t Spending on Great Society then Vietnam POSTWAR BOOM

Consumption Conformity Sunbelt POLITICAL AND SOCIAL IMPACTS

Have political and social impacts. ECONOMIC DEVELOPMENTS…