Decades Paper

analytical Essay
2864 words
2864 words

ECONOMIC – Up to 1775* Title: “Slavery and its Role in the Southern Economy” The southern colonies of North America established their economy upon agriculture, which drove their agrarian workforce. Cash crops were especially crucial to the southern colonies, such as tobacco and cotton, both of which expanded into plantations. Indentured servants worked these plantations with promises of land and “freedom dues,” and some of them actually escalated up the economic ladder. Planters soon gained a sense of power as they were usually the ones who funded these workers to come to America and obtained land ownership by doing so (this was known as the headright system). By the late-17th century, indentured servants opportunities diminished as the cost of migration and threat of a population plagued with excess laborers grew more apparent. The overpopulation of indentured servants fostered a hostile and rebellious environment of poor white laborers in the southern colonies. As a result, southerners looked towards slavery as an alternative to labor. Many slaves were brought via the Triangular Trade, crossing the transatlantic trading route because of their specialized skills in crop cultivation. The southern colonies were blessed with many waterways and fertile soil that allowed facilitated methods of crop transportation. Many indentured servants were being displaced in the labor workforce by slaves in the late-1600s, continuing unsuccessful labor occupations. The African slave population boomed in states like South Carolina and Massachusetts. The plantations they worked were integral to the economic foundation of the southern economy in agricultural and labor exploits. ECONOMIC – UP TO 1775** Title:... ... middle of paper ... ...ntrol, the First B.U.S. was destroyed. During Andrew Jackson's presidency, he highly distrusted the practice of big banks; in other words, the Bank of the United States, which he viewed as a tool that only benefitted the wealthy and kept the common people down. The 2nd Bank of the United States, which was lead by Nicholas Biddle, reduced bank failures and allowed economic expansion through credit from the Washington government after the War of 1812. When Henry Clay forced the re-charter of the B.U.S. earlier to Jackson, the bill was immediately vetoed. Jackson went to as far as withdrawing the funds in the B.U.S. and depositing it into wildcat banks, killing it after draining its wealth by 1836. However, the wildcat banks were extremely unreliable, as they continually disrupted the harmony of the economy and caused economic crashes throughout the 19th century.

In this essay, the author

  • Explains that the southern colonies of north america established their economy upon agriculture, which drove their agrarian workforce. indentured servants worked these plantations with promises of land and "freedom dues."
  • Explains that while the southern economy relied on agriculture, the northern colonies pursued other exploits ranging from trading to hunting to fishing. the middle colonies were able to get the best of both worlds.
  • Explains that the 1600s marked the english colonists' settlements into north america, where they would interact with native peoples through peace, food, and hostility. the dominant religion of the 17th century american colonies was protestantism.
  • Explains that the virginia company was vital in the formation of the plymouth and massachusetts bay colonies.
  • Explains that the continental congress was not a valid solution to the economic hostilities from many americans, as seen in shay's rebellion.
  • Analyzes how the fluid structure of the social ladder in the 1700s allowed many people in america, including immigrants, to rise up and seek fortune, which was not common in other societies.
  • Explains that america was drawn into the conflict between england and various nations in the french and indian war. the treaty of paris exposed the colonists to the weaknesses of the british empire.
  • Explains that the industrial revolution, which debuted in britain, was slowly making its way out into europe and america, where innovation of machinery and growth of a capitalist society bloomed.
  • Analyzes how the economic changes of this time era left a mark on america, giving it better grasp to technological and new change that was sweeping americans into modernization.
  • Analyzes how the second great awakening influenced americans to try new things and explore american culture.
  • Analyzes how the constitution and the great compromise of 1787 were the first to address the issue of developing the nation.
  • Explains that the first bank of the united states (b.u.s.) was proposed by alexander hamilton under the pretense that it would act as a private institution for the federal treasury's depository.
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