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by: jaxxgrace

notes ECON 201


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Principles of Economics: Microeconomics
Bruce Brunton
Class Notes
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This 2 page Class Notes was uploaded by jaxxgrace on Wednesday April 27, 2016. The Class Notes belongs to ECON 201 at James Madison University taught by Bruce Brunton in Summer 2015. Since its upload, it has received 6 views. For similar materials see Principles of Economics: Microeconomics in Business at James Madison University.


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Date Created: 04/27/16
History 225 LECTURE Notes The Political Crisis of the 1850’s (Why did the US crumble into a civil war?)  Unable to resolve constitutional crisis over slavery Terms to know:  Mexican War/ Mexican Cession  Wilmot Proviso  Compromise of 1850  Fugitive Slave Act  Kansas-Nebraska Act  Bleeding Kansas  Free Labor Ideology  Dred Scott Decision  Election of 1860  Southern Secession The political significance of run away slaves  “Every day level”- every day resistance by individual slaves to protect themselves from overexertion  Run-aways assert their humanity  Run-aways fuel abolition o Autobiographies intended for  Generates conflict between general liberty and property  White governors and legislatures argue over something created by slaves -Fugitive Slave Act (compromise of 1850)  Federal law that provides for federal officials and gives federal agents authority to go into northern states to get slaves who have run away o Federal protection of slave property o Personal Liberty Vs Personal Property  Does federal law protect liberty or property?  challenges southern states reliance on states rights to defend slavery Republican Party and the Problem of slavery  Not an abolitionist/emancipation party (but become one as civil war unfolds)  Party for civil and political rights of blacks The politics of Expansion  Would the south maintain its balance of power in the senate?  Does congress have any authority over the territories and new states?  Can federal government limit the future expansion of slavery? The Republican Critique of the South  Violates core principles o Respect, virtue, self-sufficiency The Republicans and Slavery  Preferred Gradual Abolition Administered by the States  Constitution gave congress no authority to interfere with slavery  Freedom was the natural right of man unless local positive law established slavery  Freedom was natural, if not universal; slavery was local Proslavery Response  Rights of property were absolute  All property-whether a chair, cow, or person- was identical o Property is property no matter what state you travel to  Federal government had a constitutional obligation to protect property  Democrats portrayed Republican opposition to slavery as promoting racial equality Lincoln’s Response  I protest against the counterfeit logic which concludes that, because I do not want a black woman for a slave I must necessarily want her as a wife o I don’t want her for either, I can just leave her alone o For white supremacy, against slavery  In some respects, she is not my equal but in her natural right to eat the bread she earns with her own hands without asking leave of anyone else she is my equal o The blessings of liberty are for all


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