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a system of economic production based on the private ownership of property and the contractual exchange of profit of goods, labor, and money

First Bank of the United States

Chartered in 1791 by the Federalists in Congress and was founded by Alexander Hamilton to make commercial loans and issue notes

Second Bank of the United States

Chartered by the Jeffersonian Republicans in Congress in 1816 to provide credit

business cycle

the periodic expansion and contraction of production and employment inherent in an unregulatled market economy


a production system where merchants would buy raw materials, send them to rural areas to be manufactured by poor farm families, and then sell them in port cities and overseas markets


a set of geovernmental policies designed to enhance national wealth by active intervention into the economy

middle class

sought more egalitarian marriages and more affectionate ways of rearing their children


the right to vote


the portion of the population who are born into the upper class

patriarchial power

the father had control of the household


originated in Europe as part of the romantic movement, celebrated the importance of feeling - a physical, sensuous appreciation of God, nature, and other human beings

companionate marriages

a marriage based on equality and mutual respect

republican motherhood

the idea that the primary political role of American women was to instill a sense of patriotic duty and republican virtue in their children and mold the children into exemplary republican citizens

Lord Dunnmore's Proclamation of 1775

If slaves became loyalists and fought for Britain in the Revolutionary War, they'd be set free

First Rhode Island Company

a volunteer group of free blacks who wished to join the military

manumission act

allowed individual voters to free their slaves


the freeing of slaves

Missouri Compromise

Maine could enter the Union as a free state in 1820and Missouri could follow as a slave state in 1821

established church

a church established by the state that is paid for by the tax payers

Industrial Revolution

the growth and mechanization of industry

Market Revolution

the expansion and integration of market

mass production

a system of factory production that often combines sophisticated machinery, a disciplined labor force, and assembly lines to turn out vast quantities of identical goods at low cost.

division of labor

a system of manufacture that assigns specific and repetitive tasks to each worker.


a structure first built by manufacturers in the early nineteenth century to concentrate all aspects of production - and the machinery needed to increase output - all in one location


skilled laborers ex. blacksmith

Samuel Slater

brought the power loom to America from Britain, which changed the Northeast's textile market forever because they could now produce massive amounts of fabric at once

Francis Lowell

invented the factory, putting all the processes of producing one good under one roof.

Eli Whitney

invented the cotton gin and inter-changeable parts

Cotton gin

separated the cotton's gentle fibers from the seeds

Inter-changeable parts

initially invented for guns, allowed the owner to only fix the broken part of the machine, not forcing him to buy a whole new one

wage workers

workers who have no particular skill, they work to pay the bills

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