Chapter 4: the American Revolution, 1754-1783
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Recession of 1797?
SAE./No.48/February 2016 Studies in Applied Economics WHAT CAUSED THE RECESSION OF 1797? Nicholas A. Curott and Tyler A. Watts Johns Hopkins Institute for Applied Economics, Global Health, and Study of Business Enterprise What Caused the Recession of 1797? By Nicholas A. Curott and Tyler A. Watts Copyright 2015 by Nicholas A. Curott and Tyler A. Watts About the Series The Studies in Applied Economics series is under the general direction of Prof. Steve H. Hanke, co-director of the Institute for Applied Economics, Global Health, and Study of Business Enterprise ([email protected]). About the Authors Nicholas A. Curott ([email protected]) is Assistant Professor of Economics at Ball State University in Muncie, Indiana. Tyler A. Watts is Professor of Economics at East Texas Baptist University in Marshall, Texas. Abstract This paper presents a monetary explanation for the U.S. recession of 1797. Credit expansion initiated by the Bank of the United States in the early 1790s unleashed a bout of inflation and low real interest rates, which spurred a speculative investment bubble in real estate and capital intensive manufacturing and infrastructure projects. A correction occurred as domestic inflation created a disparity in international prices that led to a reduction in net exports. Specie flowed out of the country, prices began to fall, and real interest rates spiked. In the ensuing credit crunch, businesses reliant upon rolling over short term debt were rendered unsustainable. The general economic downturn, which ensued throughout 1797 and 1798, involved declines in the price level and nominal GDP, the bursting of the real estate bubble, and a cluster of personal bankruptcies and business failures. -
An Integrated Blend of U.S. Political and Social History
Preview Chapter 6 Inside! An integrated blend of U.S. political and social history Offering an integrated blend of political and social history, THE AMERICAN JOURNEY frames the history of the U.S. as an ongoing quest by the nation’s citizens to live up to American ideals and emphasizes how this process has become more inclusive over time. David Goldfield The new Fifth Edition includes: University of North Carolina—Charlotte ■ 24 new “From Then to Now” features Carl E. Abbott that show connections between recent Portland State University and past events Virginia DeJohn Anderson University of Colorado at Boulder ■ Updated chapter-opening “Personal Journey” Jo Ann E. Argersinger Southern Illinois University sections that include references to additional Peter H. Argersinger online content in MyHistoryLab Southern Illinois University William Barney ■ Significantly revised material in Chapter 5, University of North Carolina—Chapel Hill “Imperial Breakdown,” and Chapter 16, Robert Weir “Reconstruction” University of South Carolina Brief Contents 1. Worlds Apart 17. A New South: Economic Progress and Social Tradition, 1877–1900 2. Transplantation, 1600–1685 18. Industry, Immigrants, and Cities, 3. The Creation of New Worlds 1870–1900 4. Convergence and Conflict, 1660s–1763 19. Transforming the West, 1865–1890 5. Imperial Breakdown, 1763–1774 20. Politics and Government, 1877–1900 6. The War for Independence, 1774–1783 21. The Progressive Era, 1900–1917 7. The First Republic, 1776–1789 22. Creating an Empire, 1865–1917 8. A New Republic and the Rise of the Parties, 23. America and the Great War, 1914–1920 1789–1800 24. Toward a Modern America: The 1920s 9. -
EXTENSIONS of REMARKS 14521 JORDAN of Idaho, Mcgee, METCALF, Moss, ADJOURNMENT to THURSDAY, James M
June 2, 1969 EXTENSIONS OF REMARKS 14521 JORDAN of Idaho, McGEE, METCALF, Moss, ADJOURNMENT TO THURSDAY, James M. Sullivan, Jr., of New York, to STEVENS, and YO"UNG of North Dakota. JUNE 5, 1969 be U.S. attorney for the northern district of New York for the term of 4 years, vice Justin Mr. BYRD of West Virginia. Mr. Presi J. Mahoney, resigning. dent, if there be no further business to U.S. MARsHM. AUTHORIZATION FOR SECRETARY come before the Senate, I move, in ac OF SENATE TO RECEIVE MES cordance with the previous order, that Frank M. Dulan, of New York, to be U.S. SAGES DURING ADJOURNMENT marshal for the northern district of New the Senate stand in adjournment until 12 York for the term of 4 years, vice James E. Mr. BYRD of West Virginia. Mr. Presi- o'clock noon on Thursday next. Byrne, Jr., resigned. dent, I ask unanimous consent that dur The motion was agreed to; and (at 1 James W. Norton, Jr., of North Carolina, ing the adjournment of the Senate from o'clock and 40 minutes p.m.) the Senate to be U.S. marshal for the eastern district of the close of business today until noon, took an adjournment until 12 o'clock North Carolina for the term of 4 vears vice Thursday next, the Secretary of the Sen noon, Thursday, June 5, 1969. Hugh Salter. - ' ate be authorized to receive messages Walter J. Link, of North Dakota, to be from the President of the United States U.S. marshal for the district of North Dakota NOMINATIONS f·or the term of 4 years, vice Anson J. -
The Revolutionary Movement in New York, 1773–1777
University of Kentucky UKnowledge United States History History 1966 The Road to Independence: The Revolutionary Movement in New York, 1773–1777 Bernard Mason State University of New York at Binghamton Click here to let us know how access to this document benefits ou.y Thanks to the University of Kentucky Libraries and the University Press of Kentucky, this book is freely available to current faculty, students, and staff at the University of Kentucky. Find other University of Kentucky Books at uknowledge.uky.edu/upk. For more information, please contact UKnowledge at [email protected]. Recommended Citation Mason, Bernard, "The Road to Independence: The Revolutionary Movement in New York, 1773–1777" (1966). United States History. 66. https://uknowledge.uky.edu/upk_united_states_history/66 The 'l(qpd to Independence This page intentionally left blank THE ROAD TO INDEPENDENCE The 'R!_,volutionary ~ovement in :J{£w rork, 1773-1777~ By BERNARD MASON University of Kentucky Press-Lexington 1966 Copyright © 1967 UNIVERSITY OF KENTUCKY PRESS) LEXINGTON FoR PERMISSION to quote material from the books noted below, the author is grateful to these publishers: Charles Scribner's Sons, for Father Knickerbocker Rebels by Thomas J. Wertenbaker. Copyright 1948 by Charles Scribner's Sons. The Bobbs-Merrill Company, Inc., for John Jay by Frank Monaghan. Copyright 1935 by the Bobbs-Merrill Com pany, Inc., renewed 1962 by Frank Monaghan. The Regents of the University of Wisconsin, for The History of Political Parties in the Province of New York J 17 60- 1776) by Carl L. Becker, published by the University of Wisconsin Press. Copyright 1909 by the Regents of the University of Wisconsin. -
First Principles Foundational Concepts to Guide Politics and Policy
FIRST PRINCIPLES FOUNDATIONAL CONCEPTS TO GUIDE POLITICS AND POLICY NO. 65 | DECEMBER 31, 2017 The Limits and Dangers of Civil Disobedience: The Case of Martin Luther King, Jr. Peter C. Myers Abstract At the heart of the American character is a seeming paradox: America is a republic of laws, yet it has a long tra- dition of civil disobedience. Martin Luther King, Jr., the most renowned advocate of civil disobedience, argued that civil disobedience is not lawlessness but instead a higher form of lawfulness, designed to bring positive or man-made law into conformity with higher law—natural or divine law. As King’s own legacy reveals, however, civil disobedience is complicated in its theoretical basis and problematic in its practical effects. It is justifiable, in exceptional circumstances, by the first principles of free, constitutional government, but it is dangerous in that it poses a threat to the rule of law. The judgment as to when circumstances warrant, along with the practice of civil disobedience itself, must be governed by the most careful prudential regulation. To gain our bearings amid today’s protests, characterized more by disruption and coercion than persuasion, we should look beyond contem- porary justifications and return to the best of King’s thinking—and beyond King, to the understanding of civil disobedience grounded in America’s first principles. Introduction own assistance, would shortly thereafter declare to At the heart of the American character, evident be revolutionary and justified by a law higher than since our nation’s birth, is a seeming paradox: Amer- any human law.1 Acutely aware of the turbulent his- icans take pride in our self-image as a republic of tory of republics,2 America’s revolutionary Found- laws and no less pride in our propensity toward righ- ers hoped that Americans would prove exceptional teous disobedience. -
The Gaspee Affair As Conspiracy by Lawrence J
The Gaspee Affair as Conspiracy By Lawrence J. DeVaro, Jr. Rhode Island History, October 1973, pp. 106-121 Digitized and reformatted from .pdf available on-line courtesy RI Historical Society at: http://www.rihs.org/assetts/files/publications/1973_Oct.pdf On the afternoon of June 9, 1772, His Majesty's schooner Gaspee grounded on a shoal called Namquit Point in Narragansett Bay. From the time of their arrival in Rhode Island's waters in February, the Gaspee and her commander, Lieutenant William Dudingston, had been the cause of much commercial frustration of local merchants. Dudingston was insolent, described by one local newspaper as more imperious and haughty than the Grand Turk himself. Past accounts of his pettish nature followed him from port to port.[1] The lieutenant was also shrewd. Aware that owners of seized vessels — rather than navy captains deputized in the customs service — would triumph in any cause brought before Rhode Island's vice-admiralty court, Dudingston had favored the district vice-admiralty court at Boston instead, an option available to customs officials since 1768.[2] Aside from threatening property of Rhode Islanders through possible condemnation of seizures, utilization of the court at Boston invigorated opposition to trials out of the vicinage, a grievance which had irritated merchants within the colony for some time.[3] Finally the lieutenant was zealous — determined to be a conscientious customs officer even if it meant threatening Rhode Island's flourishing illicit trade in non-British, West-Indian molasses. Governor Joseph Wanton of Rhode Island observed that Dudingston also hounded little packet boats as they plied their way between Newport and Providence. -
“Extracts from Some Rebel Papers”: Patriots, Loyalists, and the Perils of Wartime Printing
1 “Extracts from some Rebel Papers”: Patriots, Loyalists, and the Perils of Wartime Printing Joseph M. Adelman National Endowment for the Humanities Fellow American Antiquarian Society Presented to the Joint Seminar of the McNeil Center for Early American Studies And the Program in Early American Economy and Society, LCP Library Company of Philadelphia, 1314 Locust Street, Philadelphia 24 February 2012 3-5 p.m. *** DRAFT: Please do not cite, quote, or distribute without permission of the author. *** 2 The eight years of the Revolutionary War were difficult for the printing trade. After over a decade of growth and increasing entanglement among printers as their networks evolved from commercial lifelines to the pathways of political protest, the fissures of the war dispersed printers geographically and cut them off from their peers. Maintaining commercial success became increasingly complicated as demand for printed matter dropped, except for government printing, and supply shortages crippled communications networks and hampered printers’ ability to produce and distribute anything that came off their presses. Yet even in their diminished state, printers and their networks remained central not only to keeping open lines of communication among governments, armies, and civilians, but also in shaping public opinion about the central ideological issues of the war, the outcomes of battles, and the meaning of events affecting the war in North America and throughout the Atlantic world. What happened to printers and their networks is of vital importance for understanding the Revolution. The texts that historians rely on, from Common Sense and The Crisis to rural newspapers, almanacs, and even diaries and correspondence, were shaped by the commercial and political forces that printers navigated as they produced printed matter that defined the scope of debate and the nature of the discussion about the war. -
Chapter 5 the Americans.Pdf
Washington (on the far right) addressing the Constitutional Congress 1785 New York state outlaws slavery. 1784 Russians found 1785 The Treaty 1781 The Articles of 1783 The Treaty of colony in Alaska. of Hopewell Confederation, which Paris at the end of concerning John Dickinson helped the Revolutionary War 1784 Spain closes the Native American write five years earli- recognizes United Mississippi River to lands er, go into effect. States independence. American commerce. is signed. USA 1782 1784 WORLD 1782 1784 1781 Joseph II 1782 Rama I 1783 Russia annexes 1785 Jean-Pierre allows religious founds a new the Crimean Peninsula. Blanchard and toleration in Austria. dynasty in Siam, John Jeffries with Bangkok 1783 Ludwig van cross the English as the capital. Beethoven’s first works Channel in a are published. balloon. 130 CHAPTER 5 INTERACT WITH HISTORY The year is 1787. You have recently helped your fellow patriots overthrow decades of oppressive British rule. However, it is easier to destroy an old system of government than to create a new one. In a world of kings and tyrants, your new republic struggles to find its place. How much power should the national government have? Examine the Issues • Which should have more power—the states or the national government? • How can the new nation avoid a return to tyranny? • How can the rights of all people be protected? RESEARCH LINKS CLASSZONE.COM Visit the Chapter 5 links for more information about Shaping a New Nation. 1786 Daniel Shays leads a rebellion of farmers in Massachusetts. 1786 The Annapolis Convention is held. -
SPL115A Copy
MAPPING: NORTHERN BATTLES Using a grid system helps you locate places in the world. A grid system is made up of lines that come together to form squares. The squares divide a map into smaller pieces, making it easier to \ nd important places. Learning how to use a grid system is easy, and will teach you an important location skill. Example: In July 1777, the British Army took control of Mount Independence. Hundreds of soldiers from America, Great Britain, and Germany are buried in unmarked graves on top of Mount Independence. Mount Independence is located at ( 4,4 ). Locate Mount Independence at ( 4,4 ), by putting your \ nger on the number 1 at the bottom of the grid. Slide over to 4 and up to 4. Mount Independence is located in the square created where these two numbers come together. 6 5 Mount 4 Ind. 3 2 1 1 2 3 4 5 678 9 Directions: In this activity, you will use a grid system to locate important Revolutionary War forts and battles in the North. 1. Follow the example above for locating each fort or battle by going over and up. If a fort or battle is located at ( 4,4 ), go over to 4 and up to 4. 2. When you locate a fort or battle on the grid, color in the square with a coloring pencil. If the fort or battle was won by the Americans, color the square blue. If the fort or battle was won by the British, color the square red. 3. The \ rst one has been done for you as an example. -
Doctor Brigadier General James Brickett
Brigadier General James Brickett, Doctor, Soldier Brigadier General James Brickett, a doctor and militia Thanks to his experience and heroic performance, commander at the Revolutionary War battles of Brickett became a brigadier general in 1776 for Essex, Bunker Hill and Saratoga, was born on February 16, Cumberland, and York Counties (Maine being a 1738, in what is now West Newbury at the family’s Massachusetts tributary at the time). In October 1777, Brickett Street homestead. According to the Hubleys’ Brickett commanded 1,115 militiamen from Essex Descendants of Nathaniel Brickett, his father James County in the Battle of Saratoga—the decisive turning Brickett, Jr. (1711-1770) was a farmer and carpenter point in the Revolutionary War. He now shares a who married Susanna Pilsbury (1709-1788) in 1729. monument there with other generals, including West Both are buried in West Newbury’s Walnut Hill Newbury-born Brigadier General Jacob Bayley. Cemetery. With victory at Saratoga came a world-class lesson in As the second surviving son, Brickett did not inherit good news gone awry: the Americans had nearly 6,000 the farm, but rather went to Harvard and became a British, Canadian, and Hessian prisoners of war on doctor and pharmacist in Haverhill, where he was also their hands at a time when they could barely feed and active in the militia. As early as the 1630’s, farmers, clothe themselves. To Brickett befell the task of tradesmen, and all other men except magistrates and marching the prisoners to Cambridge. He did so with clergy in each Massachusetts town were required to contributions from citizenry along the way and with possess firearms and train under municipal auspices in expenses paid out of his own pocket. -
FISHKILLISHKILL Mmilitaryilitary Ssupplyupply Hubhub Ooff Thethe Aamericanmerican Rrevolutionevolution
Staples® Print Solutions HUNRES_1518351_BRO01 QA6 1234 CYANMAGENTAYELLOWBLACK 06/6/2016 This material is based upon work assisted by a grant from the Department of Interior, National Park Service. Any opinions, fi ndings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily refl ect the views of the Department of the Interior. FFISHKILLISHKILL MMilitaryilitary SSupplyupply HHubub ooff tthehe AAmericanmerican RRevolutionevolution 11776-1783776-1783 “...the principal depot of Washington’s army, where there are magazines, hospitals, workshops, etc., which form a town of themselves...” -Thomas Anburey 1778 Friends of the Fishkill Supply Depot A Historical Overview www.fi shkillsupplydepot.org Cover Image: Spencer Collection, New York Public Library. Designed and Written by Hunter Research, Inc., 2016 “View from Fishkill looking to West Point.” Funded by the American Battlefi eld Protection Program Th e New York Public Library Digital Collections. 1820. Staples® Print Solutions HUNRES_1518351_BRO01 QA6 5678 CYANMAGENTAYELLOWBLACK 06/6/2016 Fishkill Military Supply Hub of the American Revolution In 1777, the British hatched a scheme to capture not only Fishkill but the vital Fishkill Hudson Valley, which, if successful, would sever New England from the Mid- Atlantic and paralyze the American cause. The main invasion force, under Gen- eral John Burgoyne, would push south down the Lake Champlain corridor from Distribution Hub on the Hudson Canada while General Howe’s troops in New York advanced up the Hudson. In a series of missteps, Burgoyne overestimated the progress his army could make On July 9, 1776, New York’s Provincial Congress met at White Plains creating through the forests of northern New York, and Howe deliberately embarked the State of New York and accepting the Declaration of Independence. -
America the Beautiful Part 1
America the Beautiful Part 1 Charlene Notgrass 1 America the Beautiful Part 1 by Charlene Notgrass ISBN 978-1-60999-141-8 Copyright © 2020 Notgrass Company. All rights reserved. All product names, brands, and other trademarks mentioned or pictured in this book are used for educational purposes only. No association with or endorsement by the owners of the trademarks is intended. Each trademark remains the property of its respective owner. Unless otherwise noted, scripture quotations are taken from the New American Standard Bible®, Copyright © 1960, 1962, 1963, 1971, 1972, 1973, 1975, 1977, 1995 by the Lockman Foundation. All rights reserved. Used by permission. Cover Images: Jordan Pond, Maine, background by Dave Ashworth / Shutterstock.com; Deer’s Hair by George Catlin / Smithsonian American Art Museum; Young Girl and Dog by Percy Moran / Smithsonian American Art Museum; William Lee from George Washington and William Lee by John Trumbull / Metropolitan Museum of Art. Back Cover Author Photo: Professional Portraits by Kevin Wimpy The image on the preceding page is of Denali in Denali National Park. No part of this material may be reproduced without permission from the publisher. You may not photocopy this book. If you need additional copies for children in your family or for students in your group or classroom, contact Notgrass History to order them. Printed in the United States of America. Notgrass History 975 Roaring River Rd. Gainesboro, TN 38562 1-800-211-8793 notgrass.com Thunder Rocks, Allegany State Park, New York Dear Student When God created the land we call America, He sculpted and painted a masterpiece.