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Gale Pooley
Gale Pooley

Lecture 6

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Lecture 6 The Economic History of the United States
Practice Quiz 1.What two products saved the colony in Massachusetts? 2.What were the Navigation Acts? 3.Who loaned the colonies money to fight the British?
Next Quiz Tuesday, September 12th
Colonial Period May 13, 1607 to July 4, 1776
Borrowed 94% of the money France and Holland
Jamestown to Yorktown May 13, 1607 to October 19, 1783
Assume War Debt Tariff Taxes Bank of the United States
Pick 50 lbs. a day Clean 2 lbs. a day
Eli Whitney 1765-1825
Clean 50 lbs. a day
1860 Southern States Population: 8,000,000 Slave Owners: 383,637 4.8%
The Curse of Cotton
Tariff Tax on imported goods
Samuel Slater 1768-1835
First Cotton Spinning Mill December 20, 1790
Oliver Evans 1755-1819 Automator Flour Mills Steam Power Auto Boat
Oruktor Amphibolos
Francis Cabot Lowell 1775-1817 British Designs Protective Tariffs 25¢ yard 1816
Tariff of Abominations 1828 38% tax imported goods 45% tax on certain raw goods Nullification Crisis 1832
Manufacturing Employment 1819: 200,000 1824: 2,000,000

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Lecture 6.pdf