Boom/Bust Cycles: 1790-1860 The blue line shows, for comparison, the price of a year’s tuition at Harvard College. In 1790 it was $24, but by 1860 had.

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Presentation transcript:

Boom/Bust Cycles: The blue line shows, for comparison, the price of a year’s tuition at Harvard College. In 1790 it was $24, but by 1860 had risen to $104.

Creating a Business-Friendly Climate Supreme Court Rulings: *Fletcher v. Peck Peck (1810) *Dartmouth v. Woodward Woodward (1819) *McCulloch v. Maryland Maryland (1819) *Gibbons v. Ogden Ogden (1824) *Charles Rivers Bridge v. Warren Bridge Bridge (1835) General Incorporation Law  passed in New York, Laissez faire  BUT, govt. did much to assist capitalism!

Distribution of Wealth v During the American Revolution, 45% of all wealth in the top 10% of the population. v 1845 Boston  top 4% owned over 65% of the wealth. v 1860 Philadelphia  top 1% owned over 50% of the wealth. v The gap between rich and poor was widening!

Polarization of Wealth in the 20 c

Samuel Slater (“Father of the Factory System”)

The Lowell/Waltham System: First Dual-Purpose Textile Plant Francis Cabot Lowell’s town

Lowell in 1850

Lowell Mill

Early Textile Mill Loom Floor

Early Textile Loom

New England Textile Centers: 1830s

New England Dominance in Textiles

Starting for Lowell

Lowell Girls What was their typical “profile?”

Lowell Boarding Houses What was boardinghouse life like?

Lowell Mills Time Table

Early “Union” Newsletter

The Factory Girl’s Garland February 20, 1845 issue.

I’m a Factory Girl Filled with Wishes I'm a factory girl Everyday filled with fear From breathing in the poison air Wishing for windows! I'm a factory girl Tired from the 13 hours of wok each day And we have such low pay Wishing for shorten work times! I'm a factory girl Never having enough time to eat Nor to rest my feet Wishing for more free time! I'm a factory girl Sick of all this harsh conditions Making me want to sign the petition! So do what I ask for because I am a factory girl And I'm hereby speaking for all the rest!

Irish Immigrant Girls at Lowell

American View of the Irish Immigrant

The Early Union Movement Workingman’s Party (1829) * Founded by Robert Dale Owen and others in New York City. Early unions were usually local, social, and weak. Commonwealth v. Hunt (1842). Worker political parties were ineffective until the post-Civil War period.

Regional Specialization EAST  Industrial SOUTH  Cotton & Slavery WEST  The Nation’s “Breadbasket”

American Population Centers in 1820

American Population Centers in 1860

National Origin of Immigrants: Why now?

Know- Nothing Party: “The Supreme Order of the Star-Spangled Banner” Know- Nothing Party: “The Supreme Order of the Star-Spangled Banner”

Changing Occupation Distributions:

ECONOMIC? SOCIAL? POLITICAL? FUTURE PROBLEMS?