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Location: Fredericksburg, Virginia

Monday, October 23, 2006

Notes for Monday October 23

Okay, so at the beginning of class we experienced the "mass confusion" theory of the essay data sheet which was due today, but some people thought it was due on Wednesday. You could have turned it in if you were ready or choose to turn it in later. Later on, we discussed the pages we were supposed to read. Here are the notes:
  • Clay's Idea (The American Plan): Clay wanted to establish a new national bank, roads, and tarrifs. Due to the poor road conditions, Westerners couldn't transport goods. Tarrifs were wanted so that people would buy American goods and create revenue. (Protective Tarrifs). The bank and tarrifs are approved.
  • The Second National Bank gave the bank the authority to print its own currency in hopes that the states would stop printing theirs and start using a national currency.
  • Internal Improvements were to be funded by the national government in order to make canals, bridges, etc. The government was iffy about this because they didn't know if they could provide for these such things. States step up by creating the Erie Canal and toll roads.
  • New Things: Canals, roads, steamboat, and eventually railroads allow for a market economy. In 1815, the transportation was still not yet efficient enough. By 1816, Congress approved on finishing the National road. It was cheaper to float to New Orleans and ship East to East.
  • Robert Fullton used the first steamboat, the Clairmont and made upway transport. From 1810 to 1840 there was a lot of produce transported.
  • The Canal Era By 1840, railroads put canals out of business. The first ones connected cities to rivers/canals. Niagra Falls became a popular site because it was reached by the Erie Canal. So begins tourism.
Hope this helps.

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