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Economic Trends

Economic Trends. What are the political and social impacts of economic developments?????. Manufacturing expanded during war Bank of No. America then 1 st Bank of U.S. Land Speculation States charter business corp. Outwork system grows. Economy of a New Nation. 1780-1810.

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Economic Trends

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  1. Economic Trends What are the political and social impacts of economic developments?????

  2. Manufacturing expanded during war • Bank of No. America then 1st Bank of U.S. • Land Speculation • States charter business corp. • Outwork system grows Economy of a New Nation 1780-1810

  3. Outwork=Opportu-nity forwomen

  4. 1816-1836: 2nd Bank of US • Supreme Court guards property • Erie Canal • Protective Tariffs • U.S. Textiles compete w/Britain • Manufacturers grow in Midwest Economic Revolution 1820-1850

  5. In what ways did the emerging industrial economy conflict with artisan republicanism?

  6. Response to Prompt • Common law against unions until Commonwealth v. Hunt (1842) • prioritize workers’ individual rights and business rights • Producing v. non-producing society=workers as commodity • Mechanization increased supply faster than demand

  7. Rise of Sharecropping after CW • Railroad expansion • Homesteading and ranching • Vertical Integration • Emergence of managerial work • Economic cycles provoke calls for reform Industrial Revolution & National Economy 1870-1910

  8. Problems with Trusts

  9. Erosion of labor rights • Isolationist Trade-tariffs • Oligopolies • Consumer culture • Radios • Refrigerators • Cars • Stock market bubble • Fragile banking Boom & Bust 1920s-1930s

  10. Military Industrial Complex • Increase in real wages • Consumption economy • Infrastructure & suburbanization • Gov’t Spending on Great Society then Vietnam Postwar Boom 1945-1970

  11. Political and social impacts Consumption Conformity Sunbelt

  12. Economic Developments… Have political and social impacts.

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