Hamilton's Economic Plan
Which political group disliked Hamilton’s financial plans?
Democratic Republicans
What was the North's economy centered around right after Colonialism?
Manufacturing
What were the downsides of Industrialization?
Corruption, low wages, dangerous working conditions, labor exploitation.
How much debt was America in before the Financial Plans?
$70-75 million
What was the West's economy based on?
Extracting natural resources and/or farming practices such as large-scale cattle farming
What were the benefits of Industrialization?
Accessible goods, new technologies, New jobs, Social and Labor improvements.
What year was the National Bank created?
1791
What timeline was the Market Revolution?
1800-1848
Who was known as the Trust Buster?
Theodore Roosevelt.
What economic interest did the National Bank favor?
Favored Northern Commercial Interests
What were The Three Sisters?
Corn, beans, and squash
Why did the government violate the Laisser-faire Policy?
To manage Industrial crises.
How did tariffs further sectionalism (explain North and South povs)?
North profited since they could raise prices on products, South faced higher costs since they relied on foreign goods
What were Southeast Native American tribes skilled at?
Farming
What were the Three C’s in the Square Deal Policy?
Control of Corporation, Consumer Protection, Conservation of Resources.