Challenges and Revolutions: American Economic Growth
Explore the impact of the American System, Transportation and Market Revolutions, and the Industrial Revolution on the U.S. economy, highlighting shifts in production, market development, and innovative changes.
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Presentation Transcript
NATIONALISM AND ECONOMIC GROWTH Section 2: The Challenges of Growth 1
Objectives: What did the American System attempt to accomplish? How did the Transportation and Market Revolutions affect the U.S. economy? How did the Industrial Revolution change the way goods were made in the United States? 2
American System Creator of the ideas, Henry Clay: proposed a national bank to provide sound currency and a source of loans favored a protective tariff to encourage industrial development favored a transportation system to link merchants and producers 3
Transportation Revolution reduced the cost of shipping goods increased development in the interior created national markets Market Revolution increased regional specialization increased the size of towns increase in profits of farmers and manufacturers Industrial Revolution shift to machine production encouraged new inventions and new businesses enabled mass production 5
The Market Revolution https://www.youtube.com/watch?v=RNftCCw Aol0 Crash Course 14:10 minutes
