Units+2

Unit 2 homework

__**Anti-Federalists vs Federalists vs Republicans**__
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__**C7 Preview & Data Collection**__

 * Nationalism
 * nation security
 * conflict with the courts
 * Louisiana purchase
 * exploration of Louisiana ( Lewis and Clark)
 * war with foreign nations (Napoleonic Wars, etc.)
 * 1793 - Elite Whitney invents cotton gin
 * 1783 - Noah's dictionary, American Spelling Book
 * 1803 - Napoleonic Wars

__Jacksonian American__

 * __Bank of United States__ - Jackson dramitically decreased Bank of the United States and destroyed it because he believed that there shouldn't be a central municipal power. Bank of United States was growing and having several branches throughout the nation.
 * __Democracy__ - During Jackson presidency, he was called "President of Common Man". His principle was that federal should prioritize the people and every law that was passed should be for the common good. More people would have political and economic opportunity. This more equality is vcalled democratization.
 * __Removal Act__ - Jackson enforced the law to move the Indians more to the West and giving more land opportunity for whites which expanded America territory.
 * __Development of Whigs__ - Whigs was formed in response to growing power of Democrats.
 * __Taney Court__ //-// Taney succeeded Marshall and became the Chief Justice of Supreme Court. In response to Marshal decisions, Taney was more into decentralizing federal power. i.e. Charles River Bridge v. Warren Bridge; ruled that Charles River Bridge cannot monopolize the bridge that connects Boston and Cambridge over Charles River even though they had the first charter.

__Capitalism in America__

 * small wealthy people control large amount of capital.
 * maximize profit
 * competition and mutual cooperation through mutual agrement (responsibilities), individual freedom of opportunity, invisible hand
 * greed, brute force and intimidation

> economy works by the cooperation between companies and competition > businesses are about maximizing profits and their market share (how much of the industry they own)
 * competition between businesses, making of goods, corporations, selling-making (cooporation)
 * America is not a completely capitalist country, sets rules and regulations ex. monopolies are illegal
 * franchise-open up company exactly like another country-McDonalds (or Subway)
 * multiple locations- chain, can't open up the same business, just a bunch of other stores
 * laissez faire - "let do" or hands off, leave alone - the government intervenes in the economy as little as possible
 * invisible hand - the economy self-regulates - everything works itself out out due to self-interest, competition, the laws of supply and demand.

__Elements of the capitalist economy:__
In America - What does the govt do in the economy?
 * private businesses
 * consumers
 * investors - stock holder, venture capitalists
 * companies
 * government
 * workers/unions
 * banks
 * schools
 * regulates(oversees and makes rules for) businesses and industries
 * taxes
 * Createsjobs - govt workers, public employees (firefighters, teachers, etc.)
 * Funding schools, infrastructure (parks, roads, etc.)
 * controls/monitors currency
 * Welfare programs - food stamps, subsidized housing, free & reduced lunch programs, unemployment benefits, medicare, medicaid, social security

So the American economic system is not pure, laissez faire, capitalism. America has a "semi-visible" hand. The American economy is called a MIXED ECONOMY, elements of free-market capitalism and elements of socialism - such as the govt programs like welfare, social security, etc. - some call it Welfare Capitalism

Economy - the system of production and distribution and consumption - Capitalism is an economic system that periodically changes the America economy and changes the increase and decrease of social classes. I believe that capitalism is the only best option to run our economy. Without it, there might not be any middle classes and the events that is going on today. However, capitalism, like the Consitution, is not perfect. Capitalism changes the social mobility of an individual in an instant from promotion or from losing a job. Even if there is a negative side of capitalism, we can't complain capitalists are bad people that takes money away from poor people because this is the only best system we have. - Government interfering in economy benefits the people and I think that government interference equalizes the opportunity to change an individual social mobility. Government interference can also be bad for poor people because when the government raises taxation, poor people can't pay their taxes and further dig their own graves.