Transcript Regional Economies Creating Differences

Regional Economies
Creating Differences
Do Now:
Define American System, Erie Canal,
and National Road
The Industrial Revolution takes hold in
the United States
North
• Economy based on
agriculture (farming) and
manufacturing
• Main elements of the
North’s agricultural system
were
– small farms
– one or two crops or types of
livestock raised for sale
– little use of slave labor
South
• Economy based on
Agriculture
• Main elements of the
South’s agricultural system
were
– Dependency on one crop
(cotton)
– Slave labor
– Plantations
Henry Clay champions
the American System
Goals:
1. To unify a nation with diverse regional
interests
2. Create a strong, stable economy
But how?...
Tariff of 1816
Placing a tariff on foreign imports
would increase the cost of foreign
goods. This would help to eliminate
their price advantage.
The North likes this and the South
does not. Why do you think the South
did not like this?
• This would help aid the
growth of American
industry by protecting
American-made products
The Second • This would help aid the
exchange of goods across
Bank
regions
by
establishing
a
of the US
Mostly everyone agreed this was a
good idea.
national currency
• This would help assist trade
Internal
Improvements by improving
In order for businesses
to trade with one
another and have
economic growth
improvements needed
to be made in
communication, travel,
and the transportation
of goods.
- Locomotives
- Railroads
- Roads
- Canals
Examples:
National Road
Erie Canal
transportation
• Geography Skill Builder
– http://my.hrw.com/ss_2012/hs_amer12/eactivitie
s/Animation/TAS_07_217.html