Chapter 9 - History
Chapter 9 - History
Chapter 9 - History
King Cotton
● Dominate southern
● Samuel Slater- 1789
● Recreate textile factory in RH
● By water to power factories
● Eli WHitney- 1794
● Patents the cotton gin- separates 50 lbs. of cotton fiber from the
seeds
○ Slave could only pick by hand 1 lb a day
● Patented the idea of interchangeable parts- could replace a singular
part instead of entire machine
Slavery
Nyc
● NYC became the center of the shipment of cotton across the atlantic
○ Had the deep water harbor
○ Had enough infrastructure to accommodate shipping +
experienced coworkers and longshoremen
● 1817- NYSE founded financial capital- Banks, Insurance
companies,and investment houses- Hamilton was happy
● 1850- 500,000 residents
Panic of 1819
● Drop in the price of cotton and lower demand- grew beyond demand
○ Not profitable to grow cotton
● Bank of US calls in loans and limits credit
○ Investors and farmers could not pay their debts
● Small businesses failed and farmers foreclosed
● Started “Boom and Bust” cycle- economy explode and then falls
● Price of cotton recovered eventually
Transportation developments
Technology
National Roads
Banks
Corporations
Supreme Court
● Case delt with the license to operate a ferry service btw NY and NJ
○ Gave the federal the government to interstate commerce- NY
couldn't regulate themselves
Missouri Compromise
The Candidates
Results
Election of 1828
● Inventions included:
● Cotton gins
● Steamboats
● Corporations
● Europe got most of its cotton from India but India couldnt
procude enough to meet Europe's needs
➔ Technology- England
➔ Englishmen
◆ Cotton would only grow in the south, except for a few places on
the coast or coastal island
◆ First cotton export was grown along the Atlantic coast and on
the Sea Islands and Georgia
◆ Landowners in the Old South did not do most of the hard work-
That was the African slaves
◆ Btw 1800-1860: More than 1 million black Americans were
forced to move from their homes and families to cotton growing
lands.
◆ Men were sold more than women so they could bear more
children (ages 14-35)
➔ Most american cotton was shipped in its raw state to Manchester and
Leeds in England
◆ Permanent peace had been create btw the US and Britain after
the end of the War of 1812
● This made trade easy
➔ NYC was now the center of the shipment of cotton across the Atlantic
◆ Became the nation's largest city and commercial center
● This allowed NYC to have many advantages- raised the
economy there greatly
➔ Leaving president during the time- James Monroe- served his 4 terms
➔ Federalist party was gone and all that was left was the
democratic-republican party
➔ 3 members of Manures cabinet sought the presidency
◆ Jackson- 99 electoral votes- Served 1 year in the Senate and
other government posts- military leader
◆ Admas- 84 votes- Secretary of State
◆ Crawford- 41 votes- Secretary of Treasury
◆ Clay- 37 votes- Speaker of the HOuse of Representatives
➔ Jakson won the popular vote- election was tossed to the House
◆ House had to choose the top 3 candidates
● Clay eliminated the
● Crawford had a stroke
● Jackson + Adams only candidate left- Clay , who was
master of the house, determines Jackson should not be
president
◆ Adams was elected- vote of 13 states-
● Secret agreement with Clay????- It's said Clay agreed to
let someone in the president's seat if he was given
Secretary of State