One of the Framers’ main focus when they were writing the Preamble was the promotion of general welfare. The improvement of the economy was key for them because in order to have a successful nation, there needs to be a stable economy. After making the improvement of the economy a focal point, all it took was one century and America completely revolutionized its economy, a great feat for a newly born country. Although not all the decisions that were made to improve the economy resonated with the American people, but the general decision making was sub par. The reason that the creation of an amazing economy happened was solely based on the Framers’ perseverance through the rough patches they encountered. Trade was one of the key parts in …show more content…
The railroad completely changed the way trade worked. Before the railroad people had to deliver goods by wagon, and that would cause a lot of problems because of the rough terrain and long delivery times, but with the railroad it made things 100 times easier for the single conductor, and the buyers who would get their product much faster than before. Railroads not only helped the economy, but it helped people as well, unlike most things that happened in the U.S. economy, there was little to nothing negative about the creation of railroads which was ideal because it is still being used today. Preceding the railroads there were steamboats, the steamboats were a big hassle because of the dangers, such as indian attacks or boiler explosions, but the Framers were not going to back down until they found the perfect way of trade, hence the railroad. Another way America increased trade was when the cotton gin was created. In 1793 Eli Whitney invented the cotton gin, it was a very important part in producing a record level of cotton. With all this cotton plantations started to expand and there was a lot of cotton that traveled from the …show more content…
Alexander Hamilton was the first secretary of the treasury and he contributed many ideas to help improve the American economy, but he had a few ideas that diminished the economy, for example, in 1791 the whiskey tax took place. The whiskey tax was mainly targeted at farmers, since wheat was their main crop. The whiskey tax made almost all of the farmers very upset, because all of their work was being taxed. After a small period the farmers decided to rebel. The rebellion caused George Washington and Alexander Hamilton to sail down to Maryland, and address the rebellion. After the farmers backed down and the rebellion ended, the federal government lost more money than they would have ever made with the whiskey tax. Even though some choices the Framers made were a huge bust, they always took a positive from everything. The whiskey rebellion lost America a lot of money, but the suppression of the rebels gained the federal government power and respect, which was only accomplished because Hamilton did not stand down. The framers did make some bad decisions, but they also made one of the greatest decisions to this date, the Louisiana Purchase. On April of 1803 James Monroe signed The Louisiana Purchase, which landed America 909,000 square miles of territory (almost doubling their current amount of land) for only $15,000,000 (around $230,000,000 today). This deal
He argued for a significant tariff on foreign goods, subsidies to industry and the exemption of domestic manufacturers from national taxes. Firstly, Hamilton was a strong advocate of the Tariff of 1789, which pushed to place a tax on foreign, imported manufactured goods. Hamilton argued that making foreign goods more expensive would lead to an increase in the buying of domestic made products, effectively increasing the domestic manufacturing economy.8 Although this tariff was not passed through Congress in 1789, it had a huge impact on the economic welfare of the early nation. This tariff showed how significant domestic manufacturing was going to be in order to create a successful nation.
People always say that the best inventions ever are phones or computers, but there is one that people take for granted. This invention changed the way we look at shipping forever. The Transcontinental railroad changed the United States economically more than socially or politically because, it allowed western states export their goods easier, increased the amount of goods exported, and made it cheaper for states to export their products. The U.S was changed more economically, because it helped transport the western states goods to the east so it could be transported. Lovelock Nevada was a city that mined silver.
With President George Washington leading the nation, there were two visionaries who helped shape our nation. Their opposing views aide in understanding where the Government stood and the economic visions of these two men in the 1790’s. Alexander Hamilton vision of leading the nation was to push the country forward, organizing, and more modern. Thomas Jefferson was an agrarian who believed in keeping order and only that congress should only take action when absolutely necessary. On December 14, 1790 Hamilton, the Secretary of the Treasury’s Report on a National Bank was introduced.
In the 19th century, the Manifest Destiny was a belief that was widely held that the destiny of American settlers was to expand and move across the continent to spread their traditions and their institutions, while at the same time enlightening more primitive nations. The American settlers of the time considered Indians and Hispanics to be inferior and therefore deserving of cultivation. Expansion westward seemed perfectly natural to many Americans in the mid-nineteenth century. Polk himself had always been an expansionist, and this boosted his popularity with voters.
Alexander Hamilton was the first secretary and treasury during George Washington’s first years of presidency. Not only was he a secretary, and treasurer he was a federalist. Hamilton’s Financial Plan tied together with the Whiskey Rebellion. The government wanted the national government to pay off the war debts which later put Washington in debt. Most of the southerners had already paid off most of their debt, but the northern people felt the need that they did not need to.
(ushistory.com, Hamilton's Financial Plan) Making America a manufacturing powerhouse would allow them to place tariffs on their products and increase revenue that could help pay off the debt. Hamilton also desired excising taxes on goods, most famously on whiskey. Hamilton’s Financial Plan was mainly supported by the elite class and the his future political party: the Federalists. However, many
During the time that Jefferson got the land the Western Expansion was taking place. People were moving out to the west for more land and farming. The south didn’t have very good soil to plant stuff so we were having farmers going to the west to start planting their crops. By the time the farmers got all their stuff together they were making loads of cotton and that’s when all the slaves were starting to come around. It brought us into inventing the cotton gin and making a lot of the factories out south.
After the transcontinental railroad was completed, it costed up to $150 and took one week. For the first time, U.S. Americans could freely travel from coast to coast. This drastically changed both industry trading and transportation. It allowed goods to be shipped all over the country. Not only did it make this quicker but also
Although the intention of the Articles of Confederation was to create a stable government for the 13 colonies, it was sadly designed poorly resulting in an overall ineffective government. The Articles may have been rewarded with some success with respect to western lands, but the overall effect was negative, especially the economic conditions. The economic conditions were primarily the most negative aspect of the Articles of Confederation. The inability to tax settlers caused the federal government to have a serious shortfall in revenue, and the restriction to regulate trade added to the chaos.
Roosevelt changed the national economy, and the government’s role in the economy in colossal ways. He made it so that the federal government in America had a vastly greater control over the economy than in previous years. This is
Constitution Long Essay Question (LEQ) How was the Constitution an economic and political turning point in American history? The Constitution had many lasting effects on America, with the addition of many key elements that affected the wellbeing and longevity of our country to this day. Taxes were regulated, fair branches of government created, and new rights for citizens were created to avoid another revolution.
With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system. The building of railroads created rapid economic growth in America. Railroad companies employed more than one million workers to build and maintain railroads. At the same time, coal, timber, and steel industries employed thousands of workers to provide the supplies necessary to build railroads (Chapter 12 Industrialization).
The building of roads, canals and railroads played a large role in the United States during the 1800s. They served the purpose of connecting towns and settlements so that goods could be transported quickly and more efficiently. These goods could be transported fast, cheap and in safe way through the Erie Canal that was built to connect the Great Lakes to New York. Railroads were important during Civil War as well, because it helped in the transportation of goods, supplies and weapons when necessary. These new forms of transportation shaped the United States into the place that it is today.
The first National Bank, he displayed his brilliance as an economist. He also outlined a plan to create the capital required to kick start a prosperous economy and introduced government tariffs, subsidies, and awards to encourage American Manufacturing. According to John Steele, Alexander Hamilton can take all the credit for creating an economy that went on to become one of the strongest in the world. This article discusses essential information that support my point of view. Many points in history have lead to this.
The Transcontinental Railroad and Impact on Westward Expansion The Indian’s called it the “Iron Horse”, we called it a ‘Locomotive”. But, no matter what you call it, the Transcontinental Railroad was the key to Westward Expansion and the gateway to a new way of life. Many new jobs were created by the railroad and many different people upheld them. There were the Chinese, who used their knowledge with explosives to help build the actual railroad.