Throughout American History, revolutions in transportation have affected the American society politically, socially and economically. Soon after the war of 1812, American nationalism increased which leads to a greater emphasis on national issues, the increase in power and prevalence of the national government and a growing sense of the American Identity. Railways, canals, and Turnpikes began to increase making many people employed. The era of 1830-1860 represents a shift from agrarianism to industrialism. Overall, during the transportation revolution, construction of turnpikes, roads, canals, and railroads led to the market economy expansion, an increased population in America and alternations of the physical landscape of America.
The market revolution, which started in 1815, transformed worker lives, and improved the nation vastly; although it also dropped the economy as well. The traditional market, which was based upon power generated by animals and water, was slow in activities such as transportation. The growing nation underwent peace, which then catalyzed the reform of the organization of the economy. As such, transportation was heavily improved upon, along with manufacturing, banking, and commercial law. However, there were also two panics during the time that occurred that led to many Americans who were anxious and uncertain about working in the country. Due to the market revolution having both positive and negative effects, it was beneficial to some extent.
A two-party system is where two major political parties dominate voting in nearly all elections at every level of government. Under this system, one of the two parties typically holds a majority in the legislature and is usually referred to as the majority party while the other is the minority party. The current majority party in the USA is the Republican Party and the minority party is the Democratic Party. How did the two party system start? Alexander Hamilton and Thomas Jefferson were the first to initially be part of the development of political parties. The two-party system had been used in other countries before the United States. Originally, this political legislature began in
Andrew Jackson was a tough man. He even went by the name of ‘Old Hickory’. Andrew Jackson was a terrible president, but also a good president. There are many reasons why Andrew Jackson was a bad president. These are only the few reasons that we all already know or they are major events stated in US history. The reasons are, he abused his veto power, caused The Trail of Tears, and The Bank War.
Even though Hamilton wasn’t one of our presidents, he showed great leadership throughout his terms in the secretary of treasury, he practiced law after the wars, and he also showed leadership being one of our Founding Fathers (who were responsible winning our wars against England.) After Hamilton was drafted for the Constitutional Convention by New Year, Hamilton got to attend a meeting in Philadelphia. While Alexander was in Philadelphia he had little to no impact on the convention because he didn’t fully represent New York. Even though Hamilton didn’t represent the Federalist (who strongly opponents to sign the new constitution), Hamilton signed the new constitution as an individual. Then after Hamilton signed the for the new constitution, he got to write “at least two-thirds of the essays” that included some of the most important ones that would explain the powers of each of the branches.
In the era of 1837, was the starting point for the new establishment for banks all over the United State. In the beginning, banks were in the center of importing and exporting and funding paper bills (Foner 365). The banks funded businesses and other industry to trade, buy or sell opening the pathways to overseas. Thus, to a wider range of people who flavored western goods and in return helped western prospered. However, without a proper regulation and restriction of issuing out bills put a downfall in the economy, unbalance system that cause the Panic of 1837 (Foner 366). This resulted out of control inflation where paper money downgrade the value of its worth. Failed to pay close attention and monitor the spending resulted in a semi depression.
In 1863 a National Bank Act was created. It was created in order to design a national banking system, send out war loans, and establish a national currency that was available to all the people. Congress believed that this new bank system would be a smart decision since it would help resolve the financial crisis during the early events of the Civil War. The South struggled with finding financial support throughout the war. Tax programs were recently not put into effect, leaving them lost. Toward the end of 1861 using specie payments were not allowed, which meant that paying in gold or silver was no longer acceptable. That left people having to pay only in paper currency. To add to the matter, the Government issued the Legal Tender Act after payment in gold or coins was banned. This caused banknotes to count for most of the currency. The National Bank Act brought financial stability to the nation, but failed to solve the nation’s financial issues. When the National Bank was official and running, it caused state banks to struggle with business. When $300 million in national currency was issued, it was sent mostly to the East. This left
In 1791, Treasurer Alexander Hamilton proposed the First Bank of the United States, also called the First Bank, which, with the necessary-and-proper clause, allowed the government to act on the four rights stated in the Constitution: “the rights to collect taxes, borrow money, regulate trade among states, and support fleets and armies.” The charter of the First Bank caused a debate that Secretary of State, Thomas Jefferson, a large opponent of a central banking system, later described as “the most bitter and angry contest ever known in Congress before or since the union of the states.” The intensity of it is conveyed in “Cabinet Battle #1” in Hamilton: An American Musical, in which the debate between Hamilton and Jefferson is recreated in
Alexander Hamilton (2004) is a detailed true story of one of the most important figures in American history. It is based on Hamilton’s early life. As a politician, as a revolutionary war hero, and the first treasury secretary, Hamilton dedicated his life and intellect to unifying and strengthening the United States. Hamilton in truth did perhaps more than any other one person to secure the power of the American Union. Though he was never president, he was a hero deemed as a true founding father, title he kept till his death.
The creation of the first bank in the United States prompted a political debate which started in 1791, and went on in the following years. Hamilton’s plan foresaw a bank provided with special powers and privileges, which gave birth to a wide opposition. Although Hamilton 's idea continues to exist in today’s economic environment, at that time his proposal was met with widespread resistance from individuals such as James Madison and Thomas Jefferson, who considered the creation of a federal bank as unconstitutional. Following to a broad interpretation of the Constitution, Hamilton argued that in order to have an effective bank, Congress should be provided with all the powers required. Jefferson disagreed with Hamilton, and claimed that the establishment of such a bank was not consistent with the powers that the Constitution granted to Congress. “Both Jefferson’s and Hamilton’s arguments were based on the Constitution’s Preamble, the “elastic clause” ( Article I, Section 8, clause 18), and Amendment X. The elastic clause gave Congress the right to make laws “necessary and proper” to carry out other powers given to Congress”.---source that explains how the central bank was a new idea for that time (maybe can write how there where many opposers such as James Madison)--- cerca di prenderla da un libro
Andrew Jackson believed that he was a guardian of the Constitution .He was fixing the faulty interpretation of the constitution put forth by his fellow congress men. Jackson saw the banks as “monopoly of foreign and domestic exchange” he believed the wealthy people were using the banks to line their pockets with more money. One of Jackson’s opponents, Daniel Webster of Mass. . He believed that Jackson had no true facts on his assessment, in fact he saw the veto as alarming. In westers view, Jackson was using the constitutional argument to support his own grab for power. The Whigs, that where like the federalists that where years before them, viewed the national bank as both necessary and constitutional.
Before the 1800s, there were two early roads, Forbes and Wilderness Road. In 1811, the National Road known as Cumberland Road was built to reach Western settlements, because they needed a road to ship farm products that connect East and West. The National Road passed thousand of wagons and coaches. John F. Stover states in American Railroads, “The rich agricultural production of the country, the small but expanding factories of eastern cities, and the largely untapped natural resources of the nation-all of these called for improvements in transport.”(Stover1) Stover said that transportation was important because of getting goods
Thomas Jefferson and Alexander Hamilton both had very defined visions of the scope and power of the new federal government, how they saw the future of the economic development, and what the United States society should become. In my opinion Alexander Hamilton had more of an impact on the United States during the 1820’s and on contemporary government when compared to Thomas Jefferson. His policies did not strictly work during that time and many of his ideas are still seen in today’s society. Jefferson’s views and ideas on/of the national bank, higher tariffs, debt assumption, The Federalist Party, and his support of the ratification of the Constitution are all reasons in why his policies and visions came closer to becoming a reality.
Alexander Hamilton, the first Secretary of Treasury of the United States, had a lot going for himself being a man that came from poverty to success, and he was a man “all powerful and fails at nothing which he attempts” admitted a congressman in 1791 (Tindall and Shi). Born in the Caribbean in the West Indies, abandoned by his father and orphaned at the age of 13 by his late mother who had died. Later moved to New York, became a lawyer and transitioned to nationalism thus giving him the important role of handling the weight of the debt America had accumulated $54 million deep after the Revolutionary War (Digital History). Hamilton saw the need for some financial credit to be given to America and he had the right idea by proposing a National Bank to his first president George Washington. Word dispersed of that proposal leading a