Hist 1000 1st Edition Lecture 19 Outline of Last Lecture Federalists vs. RepublicansI. George Washington’s Administrations (1789-1797) and the Growth of FederalismA. When is a King not a King?1. Monarchical Pomp and Republican Virtue2. Leaving the Power to Others3. Cabinet Appointments and the Origins of Political FactionsB. Alexander Hamilton as Federalist Mastermind1. Fiscal Policy: The Report on Public Credit, 17902. Economic Policy: the Report on the Bank and Manufactures3. Government Taxation: The Excise Tax and the Whiskey Rebellion4. Thomas Jefferson Resigns and the Republicans Take FormC. Thomas Jefferson’s Administrations (1801-1809) and the Republican Counter1. Repeal the Excise Tax2. Reduce Military Spending3. The Louisiana Purchase, 1803 (?)Outline of Current Lecture THE MARKET REVOLUTIONI. The “Era of Good Feelings” and the American SystemA. Protective TariffsB. Recharter the National BankC. Limited Liability and Corporate ChartersD. Internal ImprovementsII. Factors in the Process of ModernizationA. Economic: Industrial and Urban Take OffB. Political: Democratic Nation StateC. Familial: Structurally Separate SpheresThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.III. Economic Development as CausalA. British Industrial Revolution (1780) and the Demand for CottonB. Development of a Regional EconomyCurrent LectureThe Market RevolutionThe “Era of Good Feelings” and the American System- Protective Tariffso Did this so the manufacturers in the north east can developo North East created textiles that caused the Industrial Revolution Also created boots and shoes and iron Everyone needs these. Wide market - Recharter the National Banko Come to see that centralizing capitol helps to fight wars and develop manufacturing - Limited Liability and Corporate Charterso Legally gives corporations an identity as a individualo You then exist as a corporation rather than a individual o Limits liability, cannot come after me, only can come after my company Creates more capitol security- Internal Improvementso The making of canals and railroads that assists in trade and getting product to thecommon people out west and goods from the west back to the eastFactors in the Process of Modernization- Economic: Industrial and Urban Take Offo Since manufacturers are making lots of iron and wide spread goodso They can make railroads and then be able to transport their goods further west and ultimately make more money- Political: Democratic Nation Stateo From the Louisiana Purchase the Republican party realized that this was a move for the common people so there was not much difference form the federalist wants and the republican wants- Familial: Structurally Separate SpheresEconomic Development as Causal- British Industrial Revolution (1780) and the Demand for Cotton- Development of a Regional
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