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Ch 22: History of American Economics

About This Chapter

You can go through this chapter to learn important facts about the history of the American economy and economic systems. The chapter is divided into interactive video lessons that will provide comprehensive overviews of key topics.

History of American Economics - Chapter Summary

If you wish to understand American history, it's extremely important that you understand the history and development of economic systems in the United States. To this end, you can watch the video lessons contained in this chapter for helpful and informative instruction on these topics.

The lessons will provide you with an overview of the basics of the American economic system as well the specific systems found in different regions of the country. You will then go over some historical developments in American economics and explore specific issues that influenced the country's economy. Watch these lessons to learn about:

  • The American free enterprise system
  • The regional impact of the market economy
  • Factory systems, and the movement of goods and people
  • Northern economic developments
  • The economy of the south
  • Cotton and the slave trade

Our instructors will share their specific expertise with you when going through all of these topics. The chapter provides you with practice quizzes that you can use to test your knowledge of some of the points you went over in the lessons. As you learn more about these kinds of topics, you can track your progress by using your personal Dashboard.

7 Lessons in Chapter 22: History of American Economics
Test your knowledge with a 30-question chapter practice test
Development of the U.S. Free Enterprise System

1. Development of the U.S. Free Enterprise System

In this lesson, we'll examine the development of the American free market economic system. We'll trace the ideological roots of this system, and we'll learn what steps were taken to implement free enterprise economics in the early American Republic.

The United States' Market Economy Impact on Its Regions

2. The United States' Market Economy Impact on Its Regions

After watching this video, you will be able to explain what a market economy is, how the US economy works, and describe some of the regional economies of the US. A short quiz will follow.

Impact of Resources on the Movement of Products, Capital & People in the U.S.

3. Impact of Resources on the Movement of Products, Capital & People in the U.S.

After watching this video, you will be able to explain how the natural resources of the United States affected the movement of products, capital, and people throughout history. A short quiz will follow.

American Industrialization: Factory System and Market Revolution

4. American Industrialization: Factory System and Market Revolution

New agricultural technology revolutionized the North, South and West. In this lesson, learn how that technology ushered in the Market Revolution in America.

Economic Developments in the North: A Commercial Revolution

5. Economic Developments in the North: A Commercial Revolution

In the Antebellum Era, the Northern part of the United States was revolutionized by a series of innovations, triggering a shift from an agricultural to a commercial economy. These economic changes sharpened the differences between North and South.

Life in the South: Ordered Society and Economy of the Southern States

6. Life in the South: Ordered Society and Economy of the Southern States

While the North was urbanizing and industrializing, the South became more committed to its rural, leisurely lifestyle and its agricultural economy built on slave labor. Limited industry did exist, but cotton was king!

Slavery in America: Cotton, Slave Trade and the Southern Response

7. Slavery in America: Cotton, Slave Trade and the Southern Response

The United Sates was conceived on the idea of freedom and the rights of all people, but early on, an institution took hold that was the exact opposite of that idea. In this lesson, find out the roots of slavery in the States, how it took hold, how slaves lived, and how they resisted the bonds of slavery.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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