ECONOMIC TRENDS
What are the
political and
social impacts
of economic
developments
?????
Manufacturing expanded
during war
Bank of No. America then
1 st Bank of U.S.
Land Speculation
States charter business
corp.
Outwork system grows
ECONOMY
OF A NEW
NATION
17 8 0 - 1 810
OUT WORK=
OPPORTUNIT Y FOR
WOMEN
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
ECONOMIC
REVOLUTION
1820-1850
IN WHAT WAYS DID THE
EMERGING INDUSTRIAL
ECONOMY CONFLICT
WITH ARTISAN
REPUBLICANISM?
RESPONSE TO PROMPT
 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
Rise of Sharecropping after
CW
Railroad expansion
Homesteading and ranching
Vertical Integration
Emergence of managerial
work
Economic cycles provoke
calls for reform
INDUSTRIAL
REVOLUTION
& NATIONAL
ECONOMY
1 87 0 - 1 910
PROBLEMS
WITH
TRUSTS
Erosion of labor rights
Isolationist Trade-tariffs
Oligopolies
Consumer culture
Radios
Refrigerators
Cars
Stock market bubble
Fragile banking
BOOM &
BUST
1920s-1930s
Military Industrial Complex
Increase in real wages
Consumption economy
Infrastructure &
suburbanization
Gov’t Spending on Great
Society then Vietnam
POST WAR
BOOM
1 9 4 5 - 1 97 0
POLITICAL
AND
SOCIAL
IMPACTS
C o n s um p t i o n
C o n f o r m it y
Sunbelt
ECONOMIC
DEVELOPMENTS…
Have
political
and social
impacts.