America's History Ch 8
Terms in this set (23)
This linked New York cities of Albany and Buffalo, and was completed in 1825. It was considered a marvel of the modern world at the time, allowed western farmers to ship surplus crops to sell in the North and allowed northern manufacturers to ship finished goods to sell in the West.
Panic of 1819
Economic panic caused by extensive speculation and a decline of Europena demand for American goods along with mismanagement within the Second Bank of the United States. Often cited as the end of the Era of Good Feelings.
1790s American plan of mercantilism, goal was to increase the common wealth and good of society.
The legal act of relinquishing property rights in slaves. Worried that a large free black population would threaten the institution of slavery, the Virginia assembly repealed Virginia's 1782 manumission law in 1792.
The domestic slave trade with routes along the Atlantic coast that sent thousands of slaves to sugar plantations in Louisiana and cotton plantations in the Mississippi.
The slave trade system in the interior of the country that fed slaves to the Cotton South
a system of bondage in which a slave has the legal status of property and so can be bought and sold.
In 1837, South Carolina Senator John C. Calhoun argued on the floor of the Senate that Slavery was not necessary evil, but a positive good, "indispensable to the peace and happiness" of blacks and whites alike.
The ideology held by slave owners who considered themselves committed to the welfare of their slaves.
Cutting, boring, and drilling machines used to produce standardize metal parts, which were then assembled into products such as textile looms and sewing machines. The rapid development of machine tools by American inventors in the early nineteenth century was a factor in the rapid spread of industrialization.
An ideology that celebrated small-scale producers, men and women who owned their own shops (or farms). It defined the ideal republican society as one constituted by, and dedicated to the warfare of, independent workers and citizens.
organizations of workers that began during the Industrial Revolution to bargain with employers over wages, hours, benefits, and control of the workplace.
Labor Theory of Value
The belief that human labor produces economic value. Adherents argued that the price of a product should be determined not by the market (supply and demand) but by the amount of work required to make it, and that most of the price should be paid to the person who produced it.
A system of work discipline used on southern cotton plantations in the mid-nineteenth century in which white overseers or black drivers supervised gangs of enslaved laborers to achieve greater productivity.
An economic group of prosperous farmers, artisans, and traders that emerged in the early nineteenth century. Its rise reflected a dramatic increase in prosperity. This surge in income, along with an abundance of inexpensive mass-produced goods, fostered a distinct middle-class urban culture.
A nineteenth-century ideal that celebrated men who rose to wealth or social prominence from humble origins through self-discipline, hard work, and temperate habits
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