Term
| Why was America dependent on Europe for trade? |
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Definition
| America produced most of the cheap raw materials which europe used to create finished goods. England did everything it could to keep its colonies agricultural and extractive rather than develop manufacturing. |
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Term
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Definition
| it had formal independence and no occupying troops, but its economic relationship to England remained the same as the colonial one. |
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Term
| How did England hold back America's economic development? |
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Definition
| they tried to keep the colonies agricultural and extractive, and even banned the import of new machines into the American colonies. |
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Term
| How did south and west families earn their living in the early 1800s? |
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Definition
| Mostly self sufficient farmers, but as the century progressed, farmers became less self sufficient and were tied to the market, eventually having to pay monopoly prices for equipment and ship,ent, so as costs rose, they went into debt and many left agriculture, moved to the cities. The disappearance of small farms and the rise of a few large ones continued steadily until today. |
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Term
| How did craft work on the East Coast after the American Revolution? |
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Definition
| Typically one or two apprentices who would eventually become masters, who worked only on orders as they came in. |
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Term
| How were the banks in the US? |
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Definition
| There were just a few banks, law firms, and insurance companies, but most important ones were in London. US banks remained subservient to English finance until long after the Civil War. |
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Term
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Definition
| a business in which all of the assets are owned by people who buy shares of stock, or shares of ownership in the business |
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Term
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Definition
| things of value that can be owned |
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Term
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Definition
| the corporate form allows a large group of investors to work together with liability limited to their investments. |
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Term
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Definition
| the corporate form allows a large group of investors to work together with liability limited to their investments. |
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Term
| Today, although corporations are a minority of total businesses, corporations produce something like 90 percent of all the output of the US. |
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Definition
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Term
| Gross domestic product (GDP) |
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Definition
| the current dollar value of all final goods and services produced within the country in one year. |
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Term
| What were the rights of women? |
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Definition
| None as of 1776-1840, they had no right to keep their own wages, no control of children and had to give them up in divorce, they couldnt sue or testify in court, nor serve on juries. They could not vote. They had little to no education besides women's seminars like sewing singing and French. |
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Term
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Definition
| On farms (80+ percent) as of 1776-1840, but by 1850 there were some women textile factories, but they earned only one fourth to one seventh of men's wages. They tried to build unions but it was difficult. |
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Term
| Why did the women's rights for property change? |
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Definition
| In the 1850's in the North, Women were aided by rich fathers who were annoyed at the control over their daughters dowries by their husbands. |
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Term
| What were the effects of unregulated capitalism? |
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Definition
| Employers could do as they wished, so they exploited minorities such as Chinese americans and irish americans. Paid incredibly low wages for backbreaking work, and many were killed. |
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Term
| How did southerners keep slaves subordinate? |
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Definition
| Passed laws prohibiting them from reading or writing. |
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Term
| How were Native Americans treated? |
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Definition
| They were hunted and killed, along with the buffalo to kill them off. |
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