-
New England- trading, whaling
Middle Colonies- Grain, agriculture
Chesapeake- agriculture (tobacco, cotton) -
Brit. didn't really care what colonies did as long as they gave some profit to brit (US smuggled goods anyway)
-
bc of 7yrs war. stamp act, tea act, sugar act, etc. US got so mad, eventually started Rev.
-
US didn't buy or sell goods from Europe to protest
-
Hamilton's financial plan: BUS, excise tax, funding at par, assumption of state debts, tariffs
-
south was very dependent on cotton. rest of the world and US relied on south
-
Brit and France wouldn't stop interfering with US trade, so US banned ALL countries from importing/exporting goods. very bad for economy
-
Bank of US
Internal Improvement
Tariffs -
creation of railroads, steamships, etc. helped unite the country and was good for economy
-
bc jackson hated the BUS, so he took all money out of it, made "pet banks"
-
"hands off" approach to government during the Gilded Age
-
reaction to gilded age, end of laissez faire. TR, Taft, and Wilson. Fought big industries (Sherman Antitrust Act, Interstate Commerce Act)
-
was good for economy bc it wasn't fought on US soil
-
Economic prosperity (not for all). new inventions, post-WWI
-
stock market crash in 1929. horrible for economy, many unemployed, banks failed, etc
-
FDR's way to end G.D. US became a limited welfare state (Medicare/aid, social security, CCC, etc)
-
very good for economy (same reasons as WWI). brought the US out of great depression
-
VERY expensive, brought US into debt
-
LBJ's economic policy. Very similar to New Deal, except it had more to do with Civil Rights
-
Denounced "big government" (even though gov. grew), less taxes, return to laissez faire to end stagflation
-
no tariffs between all of north america. ppl were scared of outsourcing jobs