Term
| What was the French's economy and relationship with the Indians? |
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Definition
| They profited mainly from the fur trade and they had a partnership going on with the Indians. |
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Term
| What was the Dutch's economy and relationship with the Indians? |
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Definition
| The Dutch's economic focus was also fur trade, but aside from the Iroquois they traded with, they had bad relationships with the Indians. |
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Term
| How did the Virginia Company manage Jamestown's economy? |
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Definition
| They just wanted to make money. They did this by selling tobacco. |
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Term
| What was New England's household economy? |
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Definition
|
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Term
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Definition
| Having enough to live off of, not enough to get rich. |
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Term
| What was the main difference between New England and Virginia's economies? |
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Definition
| Tobacco - Virginia had it, New England didn't. |
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Term
| What crops did New England grow? |
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Definition
| Diverse crops because of bad soil. |
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Term
| What was Virginia's labor source? |
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Definition
| Indentured servants, slavery |
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Term
| What was New England's labor source? |
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Definition
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Term
| What were the 4 types of mercantilist regulations? |
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Definition
1) All trade had to be on English/colonial ships, with 50% of the crew English/colonial
2) Enumerated goods could be shipped only to England or English colonies; all other European goods would be taxed.
3) Parliament subsidized certain goods so that manufacturers could undersell European competitors in the colonies.
4) Prohibited colonists from manufacturing certain items so they'd have to buy them from England (Hat act, Woolen act, Iron act) |
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Term
| What were the reasons widespread industrialization never took hold in Colonial America? |
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Definition
1) They lacked capital
2) They lacked a stable medium of exchange
3) Skilled workers were scarce
4) Poor transportation
5) Scattered population
6) No one had any money to spend
7) England prohibited immigration of skilled workers and export of machinery |
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Term
| Why did skilled artisans earn higher wages in colonial America than in Europe? |
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Definition
| There were no guilds to regulate trade or expenses. |
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Term
| What was the goals of mercantilism? |
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Definition
1.) To enrich the mother country.
2.) To encourage the growth of native merchant marines
3.) To protect agriculture
4.) Accumulate as much hard money as possible. |
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Term
| What was Alexander Hamilton's plan? |
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Definition
| To tie the success of the nation to economic and political elites, who are in debt to the nation, so that they won't let the nation fall. |
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Term
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Definition
|
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Term
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Definition
leather
Brewing
Milling
Mining
Iron |
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Term
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Definition
Ship building
Potash
Furs
Hat making |
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Term
| Why did the invention of the cotton gin lead to the civil war? |
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Definition
| It helped abolish slavery. |
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Term
| What were the 4 types/purposes of Navigation Acts? |
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Definition
1.) Limit dutch trading monopoly. (ex. All ships hauling British goods must be British)
2.) Strengthened domestic manufacturing. (ex. Subsidize manufacturers.)
3.) Limit colonial industry. (ex. Hat act, iron act, woolen act, glass act)
4.) Enumerated goods. (ex. Listed as restricted to trade withing the Empire.) |
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Term
| The effects of the Sugar Act: |
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Definition
1) The paperwork needed to haul things increases
2) List of enumerated goods increases
3) Puts customs officials in the colonies
4) Drops the tax on sugar to 3 pence
5) Admiralty courts |
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Term
| What's the significance of the Stamp Act? |
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Definition
| Leads to the Stamp Act Congress, which is the first time the colonies unite |
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Term
| What was the significance of the Whiskey Rebellion? |
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Definition
| Shows that you can't challenge Hamilton's authority |
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Term
| What did the Hamilton Federalists want? |
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Definition
Strong central gov't
Supported Hamilton's economic program
Opposed the French Revolution
Supported the Jay-Gardequi Treaty |
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Term
| What did the Jeffersonian Republicans want? |
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Definition
limit the role of nat'l gov't
Opposed Hamilton's economic program
Supported the French Revolution
Opposed Jay-Gardequoi treaty |
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Term
| What is the impact of the Embargo Act of 1807? |
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Definition
| Leads to short term depression, long term birth of manufacturing |
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Term
| What were the Republican efforts to unite the nation after the War of 1812? |
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Definition
The American system.
Federally funded internal improvements, tarriffs, and a strong central bank |
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Term
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Definition
| Courts get judicial review |
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Term
| Fletcher v. Peck and Dartmouth College v. Woodward |
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Definition
| Contracts have to be honored, regardless of fraud |
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Term
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Definition
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Term
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Definition
| Land speculation bubble burst, Bank of US wouldn't help everyone (Jackson got mad) |
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Term
| Bank Wars & Panic of 1837? |
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Definition
| Andrew Jackson becomes President and withdraws the federal funds from the Bank of the US and gives them to his pet banks. Causes land speculation boom, then cotton prices go up and land speculation bubble bursts |
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Term
| Transportation revolution? |
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Definition
| Steamboats, canals, railroads. |
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Term
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Definition
| State can't give monopolies |
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Term
| Charles River Bridge v. Warren bridge |
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Definition
| No monopolies, and if something is unclear in the Constitution, rule in favor of the broader community interest |
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Term
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Definition
| Larger factories, used young girls, paternalistic |
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Term
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Definition
| Smaller mills, predominantly children, gave the whole family a plot of land |
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Term
| What were the goals of the Nat'l Trade Union? |
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Definition
| better wages, shorter hours,, enhanced job security |
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Term
| What were the 2 notable successes of the early labor movement? |
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Definition
| Forced employers to accept the 10 hour work days, And said that workers were allowed to strike |
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Term
|
Definition
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Term
| American System of Manufacturing: |
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Definition
Low cost
Mass production
Interchangeable parts
Standardized production |
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