Economics of Slavery
Economics of War
Market Revolution
Early Economy vs. Pre-Civil War Economy
Political Economics
100
what invention in the 1790s revolutionized the profatibility of slavery?
Eli Whitney's Cotton Gin
100
What was the period of economic stability which followed the war of 1812?
The era of good feelings
100
What did Eli Whitney invent to make slavery "pay"?
The cotton gin
100
What was the South's major crop in the late 1800s?
Cotton
100
how did the Federalist and Democratic-Republican's economic views differ?
the Federalists, led by Hamilton, saw the national debt as a blessing to unify the country, supported excise taxes, and a Bank of the US while the Democatic-Repulicans viewed the debt as a curse that should be paid off immediately and were opposed to special priviledges
200
why were the economic setbacksof slavery ignored by the majority class of poor white southerners
The desire to own slaves drove them on
200
How was the American economy affected during the war of 1812?
It was stimulated
200
In the American System the South produced raw materials, the North produced manufactured goods, and the West produced what?
Food
200
Southerners defended slavery against abolitionists by saying their slaves were better treated than these:
Northern Factory Workers
200
how did the different economic views disunify the counrty during the war of 1812?
the federalists who relied on the British for trade were opposed to the war while the democratic repulicans were for the war
300
how did the market revolution and transportation revoltuions effect the economic need for slavery?
increased american need for cotton through the american system and thus america's dependence on slavery
300
What tax/act caused the outbreak at Boston Harbor?
The Townshend Acts
300
Immigrants from what country scooped up low-paying factory jobs?
Ireland
300
What is the theory of colonial economics that says colonies are made for the benefit of the mother country?
Mercantilism
300
how did economic interests help to create sectional parties in the 1850's?
Republicans who were based in the north favored their manufacturing ecomony while the southern Democrats were based on a slave economy
400
what economic effect did the 1808 slvae importation ban have on the upper south (VA, KT, TN)?
it started the domestic slave trade
400
What policy, created by Jefferson, stopped trade with Britain right before the war of 1812?
The Embargo on British goods
400
Better roads, railroads, and what made it easier to travel West?
Steamboats
400
Trading internationally in what was banned in 1810, forcing their trade to go domestic?
Slaves
400
how were the different economies of the North and South affected by the Civil war?
the republican northern economy prospered, the factory system was stimulated by the tariffs during the war and it produced a millionaire class while the democratic southern economy was damaged by the northern blockage and land destruction
500
how was the slave system economically unstable?
planters would over buy the amount of slaves and land that they could actually afford, and the south was completely dependent on a one crop economy
500
What, economically, gave America the edge in the Revolutionary War?
Proximity to home and supplies
500
What did Eli Whitney invent to speed up assembly line production?
Interchangeable parts
500
What colonial region was the pre-1750s "banana republic"
The south
500
how did the market and transportaion further divide the economic views of the Whigs and the Democrats?
the Democrats opposed the economic inovations from the revolutions while the whigs supported the changing economy including the American system, tariff, and internal improvements
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