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IntroPoli SciAmer Politics

by: Boris Kuhn

IntroPoli SciAmer Politics POLI 10

Boris Kuhn

GPA 3.81


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Class Notes
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This 4 page Class Notes was uploaded by Boris Kuhn on Thursday October 22, 2015. The Class Notes belongs to POLI 10 at University of California - San Diego taught by Staff in Fall. Since its upload, it has received 12 views. For similar materials see /class/226803/poli-10-university-of-california-san-diego in Political Science at University of California - San Diego.

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Date Created: 10/22/15
The United States in the World Economy 18001900 0 Tariff Policy and the rise of Northern Manufacturing 18001830 Embargo of 1807 and War of 1812 stimulate industry Problems for new manufacturers after the war The protective tariff and government revenue Textiles in MA Lowell Lawrence Fall River 0 Origins of the Civil War 18301860 England s demand for raw cotton Shortstaple cotton and the cotton gin South wants free trade North wants protection Stalemate in Congress Impact of the US on the World Economy 18651900 0 Midwest Grain and the First Great Depression Technological change transportation communications farming and growth of world trade Shift in location of food production US the world s bread basket Responses to the adjustment problem in Europe 0 US as an Industrial Power Effects of the Railroad boom US manufactured goods replace imports US manufactured exports to Europe Responses to the adjustment problem in Europe protectionism New Imperialism Con ict over the Gold Standard 18731896 0 The Gold Standard as a Pillar of Global Economy To be on a gold standard a nation committed to buy and sell its national currency for fixed amount of gold With many on gold standards a system of fixed foreign exchange rates was established The international gold standard facilitated foreign trade and investment by eliminating foreign exchange risk Con ict over the Gold Standard cont 0 Con ict in the US over the Gold Standard US goes off gold during the Civil War Greenbacks con ict between groups over Whether to return to gold advocates of gold eastern business banking and mercantile interests opponents of gold farmers railroads silver mining interests stalemate in Congress role of new gold discoveries


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