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Included in this plan are blueprints for a national bank
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The Erie Canal opens. This would help the Northeastern United States become the center of American commerce.
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In 1807, Robert Fulton introduced the first steamboat. The steamboat went on to become extremely popular, especially for carrying heavy freight.
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By mechanizing all the stages in the manufacture of cloth, this lets people manufacture cloths more easily and they can get more money for what they produce.
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Tariffs on imports were proposed by Madison and promoted by Henry Clay. Placing a tariff on imports would increase the cost of foreign goods and eliminate their price advantage. Second Bank of the United States is formed.
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Before this event, women had to make all their own clothes. Manufacturers provided materials for goods to be produced at home.
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It then becomes just a regular bank and 5 years later, it goes out of business.
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Samuel F.B. Morse invents the telegraph. This provides businesses with instant communication to other cities.
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The road now extends from Cumberland, Maryland to Springfield, Missouri
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Between now and 1854, 3 million people immigrate from around the world. Most are German and Irish.
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Leading the way for Alabama, Georgia, Louisiana and Texas, South Carolina left the union. This divided the company and weakened their economy
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This transformed the future of the southern economy
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This was put into place to help combat the cost of the war.
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The southern economy is getting destroyed by the war.
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The road to recovering the economy and returning it to its former glory begins.
