HIST 105 1nd Edition Lecture 23 Outline of Previous lecture I US economics a Picture b Advantages II Florida III Native Americans IV Transportation a Canals b Railroads V Farming Outline of current lecture I Finances II Growth of textile III Women IV Urbanization V Missouri compromise VI Foreign compromise Financial World Demand o Money o Credit State banks o Printed own currency went down in value inflation These 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 1816 2nd bank of the United States o 20 year charter Political issue Growth of Textile Manufacturing Artisanal and in homework declined Francis Cabot Lowell Mill work increased o Power comes from water wheel must live near place with water o Machines Protection of domestic manufacturers Lowell Women Women are underemployed o Move in mill towns Working conditions o Not safe or clean o Moved into boarding houses Social lives o lots of women o Not many eligible men Labor activism o Strikes Percentage of employed What s the trend from 1810 1840 o Agriculture decreased o Factory increased Urbanization Industries Commercial centers Mill towns Banking Transportation hubs Era of Good Feelings James Monroe o 1817 1825 o Virginian last of founding fathers o Republican o One party dominated American System Henry Clay KY o War hawks o Industrial growth o High tariff Protects domestic manufactures o Home market o Internal improvements Things that support the economy Things that support the society Missouri Compromise Whether state admitted free or slave Political balance New state of Maine admitted free o Missouri will be slave state o Maine will be free state New states from Louisiana purchase free north of 36 degree 30 A fire bell in the night Thomas Jefferson US Supreme court John Marshall o Chief justice of the Untied States Encouraged idea of economic development McCulloch vs Maryland o Maryland imposed tax o Baltimore branch of Bank of the United States o Unconstitutional o US had the right to establish national banks o State had no right to tax US agency o South unhappy with the decision Foreign policy Threat of reemergence of Spain and France in hemisphere Free nations better markets o Liked idea of independent countries Monroe Doctrine 1823 o Free nations in the Americas o US out of European affairs
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