Unit+II

Unit II Work!

media type="custom" key="7124555" width="130" height="130" Google Docs table to compare Anti-Federalists, Federalists, and Democratic-Republican (Jefferson) Parties.

Chapter 7 Preview & Data Collection!


 * ﻿Thomas Jefferson Era
 * Medince and Science will advance
 * The Second Great Awakening will occur
 * Education was important
 * Female literacy rate was 50% by the time of the Revolutionb
 * Dictionary was invented
 * 100,000,000 copies were sold

media type="custom" key="7279863" Glog on C7.

**CORE BELIEFS IN THE CONSTITUTION ** -Checks & Balances -Seperation of Powers -Federalism <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-System of state gov't & federal gov't to be seperated;balance each other <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-Bicamerial Government (The Senate & House of Representatives) <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-Every state has the same set up as the nation gov't <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Also, outlines rules & regulations for who can be in office <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-Regulations for President, Senators, Representatives, etc. <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-Voting <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">-You elect officials from your state to act on your opinions & what you think is best

Jacksonian America!


 * - Jackson weaked the National Bank of the U.S because he beleived in hard money and he believed the states banks should hav[[image:AndrewJackson.jpg align="right"]]e more power.**
 * <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">- Jackson believed that the Natives posed a great threat on the expansion of white settlements in the west. **
 * - Because of Jackson's aggressiveness of settling in the west, the Natives were pushed out & Americans gained more land**
 * - He appointed Taney as Supreme Court Justice, which changed the court's interperation of the Constitution. (His views were different from Marshall's)**


 * <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">- <span style="color: #ff0000; font-family: Arial,Helvetica,sans-serif; font-size: small;">﻿More people had more poltical rights & oppurtunities. (Econmic, Social, Poltical - Democratization) **
 * <span style="color: #ff0000; font-family: Arial,Helvetica,sans-serif; font-size: small;">﻿ - Indian Removal Act (Falls under the theme of forced migration) **
 * <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">﻿ - Formation of two party system **
 * <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">﻿ - Marshall's ruling were more favorable to the national powers; Taney's appointment was a response to the Marshall Court, because of Jackson's wanting to decentralizing power within the national and state governments (Jackson & Taney were both interested in being open, very liberal in a way, that they didn't want any old rich guy, that's been there forever, who have been in office for a while, and getting the same job, over & over again. They wanted to entrench the poltical elite. **
 * - The Spoil System - Jackson wanted to remove some of the elites in Washington, and to do so, he used the Spoil System, by putting his supporters in office. **

Jackson wanted to increase the power of the everyday American - farmer, small buisnessman, artisan, etc. <span style="color: #0058ff; font-family: Arial,Helvetica,sans-serif; font-size: small;">- He created a very strong executive branch - he was somewhat contractive, in his ways of asserting power & devolping power within the nation;

<span style="color: #800080; font-family: Georgia,serif; font-size: 120%;">Capitalism in America - People can work hard to get where they are, but others it is just handed towards them. - Nature v. Nurture - **Competition** - "A system of giving and taking, but mostly taking" - Economic System - Freedom of choice & oppurtunity - It's a system based on indiviual rights. - The market seems to work itself out and balance. - __Capital__: Money & property; You could have a lot of capital without any money, because you have a lot that is worth money. - System based on competition & coperation (cooperation - buisnesses from different industries, interact with each other (ex. farmers coperates with food markets for them to sell their goods) -Who's competing? - Means of Production - Indiviual & Privatley owned buisnesses control capital & how things are run; __Defintion__
 * - Buisnesses & their owners **
 * Capitalism -** an economic system based on capital (money & property - goods that have value) - indiviuals and privatley owned companies control the capital; they control the means of production; goods needed to make things

I think that Capitalism is a very interesting economic system and it has it's ups and downs. This system in which people compete, sometimes not in the most plesant way, can be very harsh and heartless.I like the idea of the free market, and that the economy has an "invisible hand" because it gives people freedom. On the other hand however, it does provide economic growth, it lets indiviuals be more open when it comes down to choosing certain buisness options. It's a more system in which indiviuals want to maxamize thier wealth, and their profit. I hate how it sometimes leaves certain people alone, out to dry, and the system doesn't really take inconsideration everyone, the whole entire society. I think it would be very bad to be a pure capitalistic country.
 * My view on Capitalism**

Companies within the same INDUSTRY don't really cooperate; Companies in DIFFERENT industries, do cooperate. (ex. CVS & Walgreens, do not cooperate, because they are both in retail sails & pharaceuticals; But they do both cooperate) - The Industry is the general area of production; the companies are competing within the large areas of production - There is always a winner & a loser - If you file for Bankrupcy, you still have capital, they can stay in buisness; -Buisnesses are trying to maxamize their profits & their market share (how much of their industry they control)
 * Industry v. Company**

- **In the United States, the government is involved with the economy;**
 * The Government & Economy**
 * America does not practice pure capitalism**
 * - The government sets rules and regulations for businesses and industries**
 * -Ex. Monopolies are illegal**

__**Economy:**__ An economy of a nation is their system of distrubuting goods and consuming them. The systems of economies differ from country to country but the basic economic systems are a: <span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">market economy, mixed economy, planned economy, and tradional economy.

__Laissez Faire__ **-** Seperation between economy & state; (French for leave alone, let do, hands off) Favors individual self-interest and competition; Gov't intervenes in the economy as less as possible

__Invisible Hand__ - (Coined by Adam Smith) - father of classical economics; believed freely functioning economies were capable of bestowing benefits to all levels of society) - Natural Force that guides the free market in Capitalism through competition, for resources that may not be abundant; try to maximize __self-interest__ (You're going to do what's best for your company), and the interaction of market participants; __competiton__; "It just happens"; the economy, self regulates; **runs on its own;** __laws of supply & demand__(Companies produce what people want, and not too much) Ex. Car companies figure out how many they're going to make, they have to make cars ahead of time & distrubute them;

-Private Businesses - manufacturing; sales;services; -Consumers -Government -Investors - Stockholders; Venture Capitalists(Rich people who ask for investment money) -Workers/Unions -Banks -Education Schooling
 * Elements of the capitalist economy:**

-Regulates buisnesses & industries -oversees and makes rules for buisnesses -Taxes -Creates jobs - gov't workers, public empolyees -Funds schools, infrastructure (parks, roads, etc.) -Controls/monitors currency -Welfare programs - food stamps, subsidized housing, free & reduced lunch programs, unemployment benefits, medicare (health care for the elderly), medicaid (health care for the poor, Social Security.
 * In America - What else does the gov't do in the economy?**

"So the American economic system is not pure, lassez faire capitalism. America has a "semi-visible" hand. The American economy is called a **mixed economy;** elements of capitalism, elements of free-market capitalism and elements of socialism 0 such as the government programs like welfare, social security, etc. Some call the United States, welfare capitalism;

Find a special place to give opinion about Capitalism & Government interaction with economy

<span style="color: #800080; font-family: Georgia,serif; font-size: 16px; line-height: 23px;">Unit II Documents!



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