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TAMU HIST 105 - Hist 105 22

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Hist 1053/20/19No industrial base, War of 1812 was the first steps to introducing industrialization into the Americas. Textile revolution in England. Thought that America would be flooded with cheap English textile goods, American goods need protection or would be put out of business. Implementation of taxes on imports/ raise the price on competing European goods while promoting Nationalism on American bought goods. Protective Tariff of 1816 hits the southern cotton fields, necessity to protect textile industry in America - England put tariffs on Cotton as America puts tariff on textiles. Southerners in 1816 expressed a spirit of Nationality – fully supported by the South. Creation of a new National Bank, Bank was not renewed in 1811, Federalist party is dead by 1812. One party rule of Jeffersonian Republicans – Era of Good Feelings; 1816-1824. Republicans open to the idea of their own bank; would loan money to farmers. Similar to the old bank except it’s larger.Build a transportation system westward across the Appalachian Mountains to make sure the nation would remain unified. The West should become economic allies with the old East, creating a whole economic market to link the nation. The Bonus Bill – Veto the bonus bill James Maddison, so transportation is built and maintained by the states. Turnpike; path through a forest built out of logs and mud “road” would be above water during spring floods. Built as a toll-roads into the interior of the nation. Farmers didn’t have to work with subsistence farming but can plant a surplus, to commercial farming. 3,000 miles of canals built, Erie Canal - Albany toBuffalo 1817 to 1825 economic development to the Great Lakes, makes New York the richest state the richest state in the Union and NYC a booming economy; all due to cheap transportation. Costs of transportation from about $100 to about $8 to $6. Steam Boats, Nicolas Roosevelt, takes Fulton’s steam boat and makes it able to cross shallow water. Only sends goods down the Mississippi, it’s cheaper to float to New Orleans. Mississippi valley open to two way traffic. Encouragement of westward expansion.1820 land policy changes, The land act of 1820 – further reduce the smallest piece of land that is available to 80 acres and only cost $1.20 per acre. Encouragement of rapid Westward expansion, admission of new western states after war of 1812. New States had to have a minimal amount of population. Sea Island Cotton, Short Staple Cotton, Cotton Gin device to separate cotton seeds from the fiber before in 8 hr could only clean 1 pound of cotton but with gin can clean 50 pounds. Cotton sold to England could absorb as much cotton as south could produce. Revival of slavery, single most important commercial crop of the


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