American History: Economic Revolution and Political Changes (1790-1844)

These flashcards cover key concepts and terms from the lecture on American economic transformations and political developments from 1790 to 1844.

Entrepreneurial Spirit

The drive and willingness to develop, organize, and run a business venture, often characterized by the innovation and initiation of enterprises.

Factors of Production

The resources required to produce goods and services, typically categorized as land, labor, capital, and entrepreneurship.

Bank of North America (1781)

The first bank in the United States, chartered by the Confederation Congress, which played a critical role in financing the American Revolutionary War.

BUS (First Bank of the United States)

Chartered in 1791, it was established to handle government funds and issue banknotes, enhancing the economic stability of the early republic.

Industrial Revolution

A period of significant industrial growth and technological innovation that began in Great Britain and transformed economies from agrarian to industrial.

Erie Canal

A major waterway completed in 1825 that connected the Hudson River to Lake Erie, facilitating trade and transportation in the northeastern United States.

The American System

A national economic plan proposed by Henry Clay in 1815 that aimed to unify the nation's economy through tariffs, a national bank, and internal improvements.

Republican Motherhood

The idea that women had a vital role in fostering civic virtue and responsible citizenship in their children through education and moral guidance.

Sentimentalism

A cultural movement emphasizing emotions and personal relationships, which influenced marriage and family structures in early 19th-century America.

Missouri Compromise

An agreement passed in 1820 that allowed Missouri to enter the Union as a slave state and Maine as a free state to maintain the balance between slave and free states.

The Second Great Awakening

A Protestant religious revival that began in the early 19th century, emphasizing individual salvation and reform movements such as abolitionism and temperance.

Jacksonian Democracy

A political movement that championed greater democracy for the common man, led by Andrew Jackson in the 1820s, promoting broader voting rights and opposing elitism.