Unit_2

Comparison Chart Federalist vs. Anti-Federalist vs. Republicans
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Thomas Jefferson's Presidency
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Jacksonian American
Equality of Oppurtunities: Symbol of equality in political and economical oppurtunities for all white males.

Indian Removal: Thourgh the Indian Removal acts, Jackson showed his ambition in expanding the country, at the same time, showing their aversion to the 'savage' indians. He considered it a protection to both the white settlers and the natives.

Destruction of the National Bank: Showed the belief of Jackson that the national government was aristocratic. The bank should not be issuing notes not backed up with any gold and silver. Decentralized economic power of the federal government in the U.S. Economy.

Theory of Nullification: Even though Jackson decentralizes the federal government's power, he crushed the attempts by the states to nullify the federal law (which Jackson also believes in the supremecy of the national law)

Emergence of the Whigs: favored a strong national government and expansion in industrials; However was cautious about the westward expansion would cause a split in the country. Somehow similar ideas to the federalists

Capitalism in America
Capitalism, a economic system which...
 * Free market open to anyone/ Freedom to individual investment
 * No government interfere/Minimum government regulation (Regulated by government = Communism)
 * Privately owned production
 * Compete based on economical interest
 * Envolved from the Merchantalism originated in Europe
 * Means of production
 * Money + Workers + Materials + Goods (Capital)
 * Benefitted the owners instead of the workers more
 * Social class based system (Higher (owners) vs. Lower (workers))
 * Unequal distribution of wealth

- An economic system importing the materials for low price and sell for higher price

The Invisible Hand - Market Self - regulation (Due to free investment/ free competition, trend leads the economy to regulate itself. [Only applies to a capitalist economy]). Laissez Faire [No regulation or interfere at all] capitalism Economy - a process by which goods/money are exchange, purchase and sold.

American Capitalism: [Market-led Capitalism ]Government aid/regulate businesses to prevent one monopoly. Mixed economy, of socialism/ Aids from government to the people[Food stamps. subsidized housing, unemployment benefits, social security, etc sometimes called welfare Capitalism]. Businesses regulated through laws and taxes.

Elements of the Economy:

 * 1) Government: Regulating economy through laws and taxes
 * 2) Labor/Workers: Producers of all goods
 * 3) Banks: In charge of saving credits and stock markets
 * 4) Entrepeneurs/Investors: Entering businesses and hiring workers
 * 5) Diplomatic: Communication/Trade/Alliance with foreign countries
 * 6) Consumers:
 * 7) Businesses/Unions:
 * 8) Stock Markets
 * 9) Schools and Education

Economy: The circulation or management of the distributions/exchanging of goods, currency, materials, services and workers within a society, and the activities producing and consuming products by a group of people; It is able to regulate itself by a trend, which the investors, producers and consumers are tightly tie into the relationship.