Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal system (2).wars: 1775-83,1861-65:capitalistic economy:

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Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal system (2).wars: , :capitalistic economy: private enterprise,profit; competition;productivity. (3).Aggression and expansion Analysis of strong American economy

2.geographic factors. 3.science and technology revolutions. 4.immigrants. 5.westward movement and its spirit. dream of getting rich,entrepreneur. 6.labor union. 7.knowledge and role of high technology

History of American Economy 1.laissez faire 2.stock ownership 3. The Gilded Age: 1870s and 1880s: corruption,greediness. 4.John Keynes

2.American agriculture and industry. Midwest: most important agriculture region: corn belt and wheat belt.

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