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Regionalization and the Market Economy: The Northeast and the Midwest Mr. Bach Hudson High School Advanced Placement United States History.

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Presentation on theme: "Regionalization and the Market Economy: The Northeast and the Midwest Mr. Bach Hudson High School Advanced Placement United States History."— Presentation transcript:

1 Regionalization and the Market Economy: The Northeast and the Midwest Mr. Bach Hudson High School Advanced Placement United States History

2 America Before the Market Revolution Subsistence agriculture in most regions Remote living in the Old Northwest (Midwest) Manufactured goods obtain from abroad or through local skilled craftsmen Smaller towns and port cities

3 Transportation Revolution Canals Erie Canal Completed in 1825 after 7 years of work

4 The U.S. Canal System

5 Transportation Revolution Steamboats

6 Transportation Revolution The National Road One of the first Federally-funded road projects Cumberland, Maryland to Vandalia, Illinois

7 Transportation Revolution Railroads

8 American Railroads to 1860

9 Transportation Revolution Telegraph Invented by Samuel Morse in 1837 Patents in 1800 = 306 Patents in 1860 = 28,000

10 What was the effect of the Transportation Revolution? Transportation Revolution Culture?Society?Politics?Economy?

11 The Business Cycle Boom and Bust The Roller-Coaster of the Market Economy Panics of 1819, 1833, 1837, and 1857

12 The American System Tariff of 1816 Second Bank of the United States (1817) Internal Improvements Henry Clay

13 New York Stock Exchange (1817) New York becomes center of investment capital for new businesses and manufacturing interests

14 How did the Market Economy Change Life? Market Economy Rich?Women?Poor?Men?

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