History 2301E Lecture Notes - Lecture 17: Lowell Offering, Cotton Gin, Interchangeable Parts
28 Mar 2017
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Capitalist development and transformations of the north, 1815-1860. Capitalist development in american northeast 1815 to 1860. Jefferson believes american needs to build factories to meet domestic needs. North-east, new cities and towns as centers of finance and retail. The south exporting cotton and rice to world markets. Twice as fast as any other european nation. Immigration: helps to explain the continued population growth. 1830"s 600,000 immigrants, 1840"s 1. 5 million, 1850"s 3 million. Capital, labor, markets, national market economy, mechanical skills, entrepreneurs. Republicans more protectionist, reversed many positions taken by jefferson. Create a tariffs that support domestic industry, considered building a national system of roads and cannels. Promoted western settlement, evicted native american tribes, land sales. From non-mechanized household production to early factory production, 1810-1840: Argued that it took different forms in american than in britain. Led in the mechanization of flour mills, woodworking, and steamboats. Were eager to adopt new machinery, practical inventions.
