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What are the political and social impacts of economic developments ????? ECONOMIC TRENDS
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Manufacturing expanded during war Bank of No. America then 1 st Bank of U.S. Land Speculation States charter business corp. Outwork system grows 1780-1810 ECONOMY OF A NEW NATION
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OUTWORK= OPPORTU- NITY FOR WOMEN
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1816-1836: 2 nd Bank of US Supreme Court guards property Erie Canal Protective Tariffs U.S. Textiles compete w/Britain Manufacturers grow in Midwest 1820-1850 ECONOMIC REVOLUTION
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IN WHAT WAYS DID THE EMERGING INDUSTRIAL ECONOMY CONFLICT WITH ARTISAN REPUBLICANISM?
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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
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Rise of Sharecropping after CW Railroad expansion Homesteading and ranching Vertical Integration Emergence of managerial work Economic cycles provoke calls for reform 1870-1910 INDUSTRIAL REVOLUTION & NATIONAL ECONOMY
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PROBLEMS WITH TRUSTS
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Erosion of labor rights Isolationist Trade-tariffs Oligopolies Consumer culture Radios Refrigerators Cars Stock market bubble Fragile banking 1920s-1930s BOOM & BUST
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Military Industrial Complex Increase in real wages Consumption economy Infrastructure & suburbanization Gov’t Spending on Great Society then Vietnam 1945-1970 POSTWAR BOOM
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Consumption Conformity Sunbelt POLITICAL AND SOCIAL IMPACTS
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Have political and social impacts. ECONOMIC DEVELOPMENTS…
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