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

1 Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal system (2).wars: 1775-83,1861-65:capitalistic economy: private enterprise,profit; competition;productivity. (3).Aggression and expansion Analysis of strong American economy

2 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

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

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

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