Question

In: Economics

Answer all 5 essay questions please. 1. You must use proper spelling and grammar, including proper...

Answer all 5 essay questions please.

1. You must use proper spelling and grammar, including proper capitalization. Your answer must be at least 50 words and may NOT USE DIRECT QUOTES. If you use a direct quote you will receive a zero for this question automatically. Do not plagiarize (copy from the textbook or any other materials). Please describe Andrew Jackson's views on the market revolution.

2. You must use proper spelling and grammar, including proper capitalization. Your answer must be at least 50 words and may NOT USE DIRECT QUOTES. If you use a direct quote you will receive a zero for this question automatically. Do not plagiarize (copy from the textbook or any other materials). Please explain why so many "plain white folks" supported slavery in the south.

3. You must use proper spelling and grammar, including proper capitalization. Your answer must be at least 50 words and may NOT USE DIRECT QUOTES. If you use a direct quote you will receive a zero for this question automatically. Do not plagiarize (copy from the textbook or any other materials) Please describe Andrew Jackson's views on expanding democracy to include more people.

4. You must use proper spelling and grammar, including proper capitalization. Your answer must be at least 50 words and may NOT USE DIRECT QUOTES. If you use a direct quote you will receive a zero for this question automatically. Do not plagiarize (copy from the textbook or any other materials). Please explain why northerners gave up slavery without fighting.

5. You must use proper spelling and grammar, including proper capitalization. Your answer must be at least 50 words and may NOT USE DIRECT QUOTES. If you use a direct quote you will receive a zero for this question automatically. Do not plagiarize (copy from the textbook or any other materials). What caused the Panic of 1837?

Solutions

Expert Solution

1) The market revolution, what the economist Karl Polyani called "The Great Transformation" changed everything. Farmers incresingly focused on a small number of marketable crops and borrowed money to purchase new lands and expand production. The market revolution also had profound impact on American Politics. American democracy, it his often been said grew up with American capitalism. The market revolution coincided with the expansion of the United States into vast trans-Appalachian lands. This expansion has often violent removal of the native American inhabitants of these areas, added vast new economic resources & opportunities to the market revolution.

2) The duality of growing seperation and common bonds as much to the relationship of plain white folk & blacks as it did to large planters and their slaves. Because in the late 17th century poor whites associated closely & openly with slaves, growing gap between them was notable. The existence of large group of plain white folks for example, encouraged planters to seek their support & recognition. To the degree that non-slaveholder honoured slaveholders they enhanced the large planters social legitimacy. Slave inturn saw proud free white men defer to powerful masters, reinforcing in thier eyes the authority of large planters.

3) Between the 1820s & 1850, as more white males won the right to vote and political parties became more organised, the character of American democracy changed. It became more partisan and more raucous, a turn that bred ambivalence and even discontent with politics & the dominant parties. Even though Andrew Jackson was president only from 1829 to 1837, is influence on American politics as pervasive both before & after his time in office. The years from about 1824 to 1840 have been called the"Age of Jacksonian Democracy" and the Era of the Comman Man.

4) Although antislavery northerners began passing abolition laws beginning with 1777 state constitution of Vermont, northern slavery did not recede quickly. By 1810, a generation after the revolution, over one fourth of all northern African Americans were still enslaved. But by 1840 slavery had almost completely disappeared.

5) The economic situation that resulted reckless speculation that led to bank failures & dissatisfaction with the use of state banks as depositories for public funds. Causes of panic of 1837 includes the economic policies of President Andrew Jackson who ordered specie circular, which required payments for the government lands to be paid in gold or silver.


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