HIST 145 Lecture 10: The Market Revolutions
22 Dec 2018
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Mercantilism- rules that were made to benefit the british. Smith thinks that mercantilism is okay because you get a superior economy. Specialization makes economy more efficient according to smith. Smith believed that private enterprise should drive the economy. Constitution says that the federal government is in charge of trade. The constitution gives the federal government the power to coin money. When thomas jefferson becomes president he is sold more than double of the united. Roads in america was created when people were walking, mostly indian paths. The market is bigger now and allows more economic impact. Turnpikes were designed to connect to the market of philadelphia. Must pay to use the turnpike (lancaster pike) States didn"t pay for roads because they were extremely expensive. Turnpikes solve the problem of movement of goods. Route 40 connected cumberland maryland to west virginia. Roads were helpful but water was better.
