THE MARKET ECONOMY OF 1800-1860

Increasingly dominant indoors the Republican party, they advocated the ?New interior(a)ism,' a pay off of economic policies designed to foster the prosperity of all regions of the country and bind the commonwealth more tightly together" (Davidson 309).

During the first two decades of the 1800s, a spirit of demesnealism guided most of America's domestic and exotic policies. During the Andrew Jackson era, sectional differences created by these policies would begin to divide the nation into the detailions which would later take opposite sides during the Civil War. Throughout it all, American economic expansion would dramatically alter the U.S. landscape. The Second National Bank of the U.S. was chartered for two decades by James Madison, who at one time opposed Alexander Hamilton's National Bank, and he also support the enacting of tariffs on immaterial imports in order to prevent foreign competition from interfering with the exploitation of the fledgling U.S. preservation, "Passed in 1816, it set an average duty of 20 percent on trade woolen and cotton cloth, iron, and sugar" (Davidson 309). It was federal action equal this that stirred up opposition in the South because it was in the main designed to aid manufacturers in the North, and even today tariffs and quotas (protectionism) move to cause a great deal of controversy in the political and economic sectors of America.

The federal government also was spurred by the experiences of the War of 1812 to spend he

peradventure one of the greatest factors in the booming American parsimoniousness in present times is the development of technology that has enable better products, faster production, cheaper costs and erosion of time and quadruplet barriers. During the 1970s dire predictions were made about the stagnant U.S. bodied environment and fears abounded that Japan would take over as a world economic leader. Computer technology revolutionized many facets of the U.S. economy just as technology was responsible for the revolution in America's national market during the period of 1800-1860. One of the most important inventions was the cotton fiber Gin.

Formerly, the volume of cotton that could be produced was severely curb by the difficult of manually picking and cleaning the seeds from it. The Cotton Gin allowed revolutionary changes within the cotton industry, an important fact in the power building in the South as well as a boon to manufacturers of products in the atomic number 10 that were manufactured from cotton, "The gin allowed a laborer to clean 50 pounds of cotton a day, compared with only one pound by hand. With prices high on the world market, cotton production in the Lower South soared. By 1840 the South produced more than 60 percent of the world supply, which accounted for almost two-thirds of American exports" (Davidson 310).

Davidson, J. Nation of Nations. McGraw Hill, NY: 1998.

avily on promoting the development of the U.S. infrastructure. Shipping huge amounts of materials and supplies during the war was costly, cumbersome and postulate a great deal of time. Thus, prompted by economics, the goal of achieving a sound national economy also spurred a shipping revolution. The U.S. embarked on federal and state funding to promote the development of canals that would help speed up the transportation of goods
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