1. Lecture 6
The Economic History of the United States

2. 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?

3. Next Quiz
Tuesday, September 12th

4. Colonial Period
May 13, 1607
to
July 4, 1776

6. Borrowed 94% of the money
France and Holland

16. Jamestown to Yorktown
May 13, 1607
to
October 19, 1783

18. Assume War Debt
Tariff Taxes
Bank of the
United States

21. Pick 50 lbs. a day
Clean 2 lbs. a day

23. Eli Whitney
1765-1825

24. Clean
50 lbs.
a day

26. 1860
Southern States
Population: 8,000,000
Slave Owners: 383,637
4.8%

27. The Curse
of Cotton

29. Tariff
Tax on imported goods

31. Samuel Slater
1768-1835

32. First Cotton Spinning Mill
December 20, 1790

34. Oliver Evans
1755-1819
Automator
Flour Mills
Steam Power
Auto Boat

36. Oruktor Amphibolos

37. Francis Cabot Lowell
1775-1817
British Designs
Protective
Tariffs
25¢ yard
1816

39. Tariff of Abominations
1828
38% tax imported goods
45% tax on certain raw goods
Nullification Crisis 1832

40. Manufacturing Employment
1819: 200,000
1824: 2,000,000