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how isolationist policies lead to the Great Depression
Weakness in the international economy:Europes economic struggles after World War 1. Including war debts and disrupted trade, played a significant role
How isolationist polices lead to the Great Depression
Overproduction: Both in agriculture and industry, overproduction let to the falling prices and business failures
How isolationist policies lead to the Great Depression
Income inequality: A large gap between the wealthy and the working class meant insufficient purchasing power to sustain economic growth
How isolationist polices lead to the Great Depression
Lax government regulation: Limited oversight of the stock market and banking system allowed for excessive speculation and risky financial practices.
Changes in political parties 1790s to mid 1800s
In the 1790s, the Federalist and Republican (Democratic-Republican) parties emerged, primarily due to disagreements between Alexander Hamilton and Thomas Jefferson.
• Hamilton's financial policies, like the national bank, were favored by Federalists who advocated for a strong central government.
• Conversely, Jefferson and the Republicans opposed these policies, championing states' rights and agrarianism.
post revolution- how society was shaped by a new government
The Second Continental Congress
* Prepared for war by establishing a
Continental Army, printing money, and
creating government offices to supervise
policy
* Chose George Washington to lead the
army because he was well-liked and a
Southerner
* John Dickinson and the Olive Branch
Petition
* Many delegates followed John Dickinson
who was pushing for reconciliation with
Britain using the Olive Branch Petition
* Adopted by the Continental Congress on
July 5, 1775
* Last-ditch attempt to avoid armed
conflict
* King George III was not interested since
he considered the colonists to be in open
rebellion
* One year before the adoption of the
Declaration of Independence, the colonial
leaders were trying to reconcile with the
mother country.
post revolution
The Declaration of Independence
* Published in January 1776 by Thomas
Paine, an English printer
* Advocated for colonial independence
and republicanism over monarchy
* Sold more than 100,000 copies in its first
three months
* Accessible to colonists who couldn't
always understand the Enlightenment-
speak of the Founding Fathers
* Helped swing support to the patriot
cause among people who were unsure
about attacking the mother country
post revolution
Success of Common Sense
* Bigger success than James Otis's The
Rights of the British Colonies Asserted
and Proved
* Literacy rates in New England were
higher due to the Puritan legacy of
teaching children to read the Bible
* Nevertheless, Paine's pamphlet reached
a wider audience, including those who
couldn't read
* Proportional equivalent selling 13 million downloads today
post revolution
The Significance of Declaration of
Independence
* The Revolutionary War became a war for
independence with the signing of the
Declaration
* The Declaration not only set out the
colonies' complaints against the British
government but also laid out the
philosophical underpinnings of the
revolution, most notably the assertion that
all men are created equal and have certain
inalienable rights
* The Declaration has been considered as
a seminal document in American history,
and has been a source of inspiration for
movements for civil rights and freedom
across the world.
post revolution
The Battle of Yorktown
* Occurred on October 17, 1781
* Symbolic end to the American Revolution
* Major British general, Cornwallis, was
surrounded by the French navy and
George Washington's troops, and
surrendered by the French navy and George Washington's troops, and
surrendered
post revolution
Role of Propaganda
* Rebels were looking for a masterpiece of
propaganda to rally colonists to their
cause
* Common Sense served as this
masterpiece and helped swing support to
the patriot cause.
post revolution
*The colonists used time to rally citizens
to the cause of independence
* Not all were convinced, Loyalists
included government officials, devout
Anglicans, merchants dependent on trade
with England, religious and ethnic
minorities who feared persecution by the
rebels
* Many enslaved people believed their
chances for liberty were better with the
British than with the colonists
* Increase in slave insurrections
dampened some Southerners' enthusiasm
for revolution
* Patriots were mostly white Protestant
property holders and gentry, as well as
urban artisans, especially in New England
* Much of the rest of the population hoped
the whole thing would blow over
* Quakers of Pennsylvania were pacifists
and wanted to avoid war.
The Second Continental Congress
how isolationist policies lead to the Great Depression
Weakness in the international economy:Europes economic struggles after World War 1. Including war debts and disrupted trade, played a significant role