4,995
edits
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* Martin Van Buren | * Martin Van Buren | ||
* Daniel Webster | * Daniel Webster | ||
=== Jacksonian period === | === Jacksonian period === | ||
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<ul><li>{{#tip-text:division of labor| as the economy expanded through growing population, connected markets (roads, canals and, eventually, railroads), the traditional artisanal economy that was self-sufficiency (building everything locally) yielded to specialized labor and skills that were used for only certain aspects of industrial and commercial production; so, rather than one person making a cabinet, multiple sets of workers would specialize in certain aspects of that production (metal or wood, working, painting, etc.); specialized labor, or "division of labor" led to set wages for types of jobs, with low-skilled jobs getting paid the least; the system challenged the Jeffersonian belief in "artisanal republicanism"}}</ul></li> | <ul><li>{{#tip-text:division of labor| as the economy expanded through growing population, connected markets (roads, canals and, eventually, railroads), the traditional artisanal economy that was self-sufficiency (building everything locally) yielded to specialized labor and skills that were used for only certain aspects of industrial and commercial production; so, rather than one person making a cabinet, multiple sets of workers would specialize in certain aspects of that production (metal or wood, working, painting, etc.); specialized labor, or "division of labor" led to set wages for types of jobs, with low-skilled jobs getting paid the least; the system challenged the Jeffersonian belief in "artisanal republicanism"}}</ul></li> | ||
<ul><li>{{#tip-text:Erie Canal | started in 1817 by the state of New York, connected the Hudson River with Lake Erie, thus joining New York City and its coastal and ocean trade networks to the Midwest, which provided markets for industrial goods, raw materials for factories, and movement of people and ideas; the Erie canal was a huge investment, thus needed financing from the state and its banking partners; the canal's economic importance is tremendous, although it and other canals were eclipsed by railroads due to the faster speed of railroads and their geographic flexibility; note that river-transportation is more efficient than on canals, especially with steamboats (that can move upstream), so rivers remain significant carriers of commercial traffic today}}</ul></li> | <ul><li>{{#tip-text:Erie Canal | started in 1817 by the state of New York, connected the Hudson River with Lake Erie, thus joining New York City and its coastal and ocean trade networks to the Midwest, which provided markets for industrial goods, raw materials for factories, and movement of people and ideas; the Erie canal was a huge investment, thus needed financing from the state and its banking partners; the canal's economic importance is tremendous, although it and other canals were eclipsed by railroads due to the faster speed of railroads and their geographic flexibility; note that river-transportation is more efficient than on canals, especially with steamboats (that can move upstream), so rivers remain significant carriers of commercial traffic today}}</ul></li> | ||
<ul><li>{{#tip-text:hub city | traditionally, cities arose on sea and major river ports that were geographically advantageous for settlement and trade; the rise of canals, roads, and railroads led to the rise of inland "hub cities" that usually grew along these routes or at intersections of them; the railroads and canals significantly contributed to the rising importance of "hub cities" on traditional river/ coastal locations, as they contributed to their commercial exchange:}}</ul></li> | |||
<ul><li>{{#tip-text:labor theory of value| a theory promoted by labor union organizers that the workers should profit from the goods they produce more than the owners of the factories}}</ul></li> | <ul><li>{{#tip-text:labor theory of value| a theory promoted by labor union organizers that the workers should profit from the goods they produce more than the owners of the factories}}</ul></li> | ||
* land speculation | * land speculation |