The Significance of Population Data (Teacher Version)
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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. -
The Democratic Societies of the 1790S
University of Calgary PRISM: University of Calgary's Digital Repository Graduate Studies The Vault: Electronic Theses and Dissertations 2020-11-27 “Fire-Brands of Sedition”: The Democratic Societies of the 1790s Carr, Chloe Madison Carr, C. M. (2020). “Fire-Brands of Sedition”: The Democratic Societies of the 1790s (Unpublished master's thesis). University of Calgary, Calgary, AB. http://hdl.handle.net/1880/112798 master thesis University of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission. Downloaded from PRISM: https://prism.ucalgary.ca UNIVERSITY OF CALGARY “Fire-Brands of Sedition”: The Democratic Societies of the 1790s by Chloe Madison Carr A THESIS SUBMITTED TO THE FACULTY OF GRADUATE STUDIES IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS GRADUATE PROGRAM IN HISTORY CALGARY, ALBERTA NOVEMBER, 2020 © Chloe Madison Carr 2020 ii Abstract The citizen-led Democratic-Republican or Democratic societies in the United States represented a new era of political discourse in the 1790s. Members of these societies, frustrated by their sense that the emerging Federalist executive branch of government was becoming dangerously elitist, and alienated by decision-making in Congress, met regularly to compose resolutions to publish in local and national papers and so make their concerns widely known. Many Federalists, in and out of government, became wary of these societies and their increased presence in the public sphere. -
Few Americans in the 1790S Would Have Predicted That the Subject Of
AMERICAN NAVAL POLICY IN AN AGE OF ATLANTIC WARFARE: A CONSENSUS BROKEN AND REFORGED, 1783-1816 Dissertation Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University By Jeffrey J. Seiken, M.A. * * * * * The Ohio State University 2007 Dissertation Committee: Approved by Professor John Guilmartin, Jr., Advisor Professor Margaret Newell _______________________ Professor Mark Grimsley Advisor History Graduate Program ABSTRACT In the 1780s, there was broad agreement among American revolutionaries like Thomas Jefferson, James Madison, and Alexander Hamilton about the need for a strong national navy. This consensus, however, collapsed as a result of the partisan strife of the 1790s. The Federalist Party embraced the strategic rationale laid out by naval boosters in the previous decade, namely that only a powerful, seagoing battle fleet offered a viable means of defending the nation's vulnerable ports and harbors. Federalists also believed a navy was necessary to protect America's burgeoning trade with overseas markets. Republicans did not dispute the desirability of the Federalist goals, but they disagreed sharply with their political opponents about the wisdom of depending on a navy to achieve these ends. In place of a navy, the Republicans with Jefferson and Madison at the lead championed an altogether different prescription for national security and commercial growth: economic coercion. The Federalists won most of the legislative confrontations of the 1790s. But their very success contributed to the party's decisive defeat in the election of 1800 and the abandonment of their plans to create a strong blue water navy. -
American Economic Policy in the 1790S the Significance of The
Founding Choices: American Economic Policy in the 1790s The Significance of the Founding Choices: Editors’ Introduction By Douglas A. Irwin and Richard Sylla Bookstores today are awash with titles that celebrate America’s Founding Fathers as courageous and far‐sighted leaders who not only guided the nation through the difficult period of achieving independence from Britain but also established a system of government that has survived relatively unchanged for more than two centuries. Almost completely ignored in this outpouring of works, however, is a sense for the economic policy achievements of the founders. The neglect of economic policy is surprising when it is considered that the United States of 1790, a relatively small economy with fewer than four million people on the periphery of a European‐centered world and facing a host of economic problems because it had the temerity to declare its independence, would in a century become the world’s largest economy. In two centuries it would become an economic and political colossus with a larger population than any other country except China and India. Those later developments were rooted to a greater extent than is generally appreciated in the economic policy decisions made in the 1790s. This book redresses this neglect by bringing together leading scholars to examine the early economic policies adopted by the new government in the years after 1789. Ratification of the Federal Constitution of 1787 broke the gridlock that afflicted decision‐making about economic policy under the Articles of Confederation. The chapters that follow study the economic policy options that were opened up by the new framework of government, and which choices were implemented. -
Judicial Foreign Policy: Lessons from the 1790S
Saint Louis University Law Journal Volume 53 Number 1 The Use and Misuse of History in Article 12 U.S. Foreign Relations Law (Fall 2008) 2008 Judicial Foreign Policy: Lessons From the 1790s David Sloss Santa Clara University Law School, [email protected] Follow this and additional works at: https://scholarship.law.slu.edu/lj Part of the Law Commons Recommended Citation David Sloss, Judicial Foreign Policy: Lessons From the 1790s, 53 St. Louis U. L.J. (2008). Available at: https://scholarship.law.slu.edu/lj/vol53/iss1/12 This Article is brought to you for free and open access by Scholarship Commons. It has been accepted for inclusion in Saint Louis University Law Journal by an authorized editor of Scholarship Commons. For more information, please contact Susie Lee. SAINT LOUIS UNIVERSITY SCHOOL OF LAW JUDICIAL FOREIGN POLICY: LESSONS FROM THE 1790s DAVID SLOSS* INTRODUCTION ............................................................................................... 146 I. BACKGROUND: FRENCH PRIVATEERING IN THE 1790S ............................... 151 II. U.S. NEUTRALITY POLICY: FROM FEBRUARY 1793 TO JUNE 1794 ............ 153 A. Historical Context ....................................................................... 154 B. Substantive Rules Governing Privateers ..................................... 156 1. Sale of Prizes ......................................................................... 156 2. Recruiting U.S. Citizens ........................................................ 158 3. Outfitting Ships in U.S. Ports ............................................... -
Dress in Upper Canada 1790-1840
DRESS IN UPPER CANADA 1790-1840 By Hannah Erika Milliken Bachelor of Arts, Honours, With Distinction University of Guelph, Guelph, Ontario, Canada, 2011-2015. A MRP presented to Ryerson University in partial fulfillment of the requirements for the degree of Master of Arts in the program of Fashion Toronto, Ontario, Canada, 2018. © Hannah Milliken, 2018. Author’s Declaration I hereby declare that I am the sole author of this MRP. This is a true copy of the MRP, including any required final revisions. I authorize Ryerson University to lend this MRP to other institutions or individuals for the purpose of scholarly research. I further authorize Ryerson University to reproduce this MRP by photocopying or by other means, in total or in part, at the request of other institutions or individuals for the purpose of scholarly research. I understand that my MRP may be made electronically available to the public. ii Abstract Dress in Upper Canada 1790-1840 Master of Arts, 2018 Hannah Erika Milliken Fashion, Ryerson University This MRP aims to uncover unknown details of Canada’s early dress history in the lives of early colonial settlers in Niagara and surrounding Upper Canadian settlements between 1790 and 1840. This study explores the access they had to goods and services, their loyalty to the imperial parent nation of Great Britain, and their adaptability to the conditions of a rudimentary frontier. The central conclusion is that relationships to fashion and dress were remarkably sophisticated in early Upper Canadian societies iii Acknowledgements My sincerest thanks to my supervisor Alison Matthews David for all her help and guidance. -
'Spectacles Within Doors': Panoramas of London in the 1790S Ellis, M
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Queen Mary Research Online 'Spectacles within doors': panoramas of London in the 1790s Ellis, M For additional information about this publication click this link. http://qmro.qmul.ac.uk/jspui/handle/123456789/3559 Information about this research object was correct at the time of download; we occasionally make corrections to records, please therefore check the published record when citing. For more information contact [email protected] August 26, 2008 Time: 09:44am rom024.tex Markman Ellis ‘Spectacles within doors’: Panoramas of London in the 1790s ‘The interest of the panorama is in seeing the increasingly structured by this debate as a true city – the city indoors’. socially-stratified opposition. Wordsworth’s Walter Benjamin, Arcades Project response to the panorama in The Prelude, (1999), 532. although probably based on an experience of In his ramble around London in Book Seven of the exhibition, also reflects his engagement The Prelude (1805), Wordsworth’s poet with the written discourse of the panorama proposes to ‘let us view [...]theSpectacles/ media event. Within doors’. His key example is the Although the panorama dates from the panorama: late-eighteenth century, its modern historiography begins in the late 1960s, when a mimic sights that ape series of publications and research projects first The absolute presence of reality, subjected it to scholarly scrutiny. Pioneering Expressing, as in mirror, sea and land, work by Hubert Pragnell, Scott Wilcox, Richard 1 And what earth is, and what she has to show. Altick and Stephan Oettermann,2 culminated in The panorama is a large-scale landscape Ralph Hyde’s innovative Barbican Art Gallery painting depicting a circular 360 degree view exhibition and catalogue Panoramania! in exhibited under special conditions on the inside 1988.3 This archival work coincided with the surface of a dedicated cylindrical exhibition ‘rediscovery’, preservation and restoration of space. -
Elizabeth Drinker: Quaker Values and Federalist Support in the 1790S
Elizabeth Drinker: Quaker Values and Federalist Support in the 1790s Susan Branson At the conclusion of peace between the United States and Britain in 1783, Elizabeth Drinker made a prediction for the succeeding years: "this day was printed the King's speech to both Houses of Parliment Decr. 5"' - bespeaking peace, and Independence; I fear they will not long agreed togeather with us."' Her prediction held true throughout the following decade and beyond. During the 1790s Drinker repeatedly expressed her desire for a "well-regulated government," with leaders who would bring peace and order to society. She was frequently disap- pointed.2 Elizabeth Drinker was a woman deeply concerned about, and intimately involved with, the politics of her time. No significant event passed without comment in her diary. Through a combination of her observation, conversation, and reading, we can piece together the polit- ical ideology of this extraordinary woman. With the experiences of the Revolution fresh in her consciousness, Drinker articulated a Federalist interpretation of government and the construction of a civil society. What Drinker sought, but never experienced, was a peaceful, well- regulated society devoid of contention, factions, and crowd actions. Instead, what she and other Americans witnessed in the 1790s was a period of turbulence both at home and abroad. They lived under a dem- ocratic government in its infancy, still undergoing change and develop- ment. This process was rarely a quiet one. And in Philadelphia, the cap- ital city, the political contentiousness between Federalists and Democratic Republicans generated a great deal of public activity, accompanied in many instances by noise and occasional violence. -
The French Language in Russia in French Language The
8 LANGUAGES AND CULTURE IN HISTORY Offord, Rjéoutski & Argent The Language French in Russia Derek Offord, Vladislav Rjéoutski, and Gesine Argent The French Language in Russia A Social, Political, Cultural, and Literary History The French Language in Russia Languages and Culture in History This series studies the role foreign languages have played in the creation of the linguistic and cultural heritage of Europe, both western and eastern, and at the individual, community, national or transnational level. At the heart of this series is the historical evolution of linguistic and cultural policies, internal as well as external, and their relationship with linguistic and cultural identities. The series takes an interdisciplinary approach to a variety of historical issues: the diffusion, the supply and the demand for foreign languages, the history of pedagogical practices, the historical relationship between languages in a given cultural context, the public and private use of foreign languages – in short, every way foreign languages intersect with local languages in the cultural realm. Series Editors Willem Frijhoff, Erasmus University Rotterdam Karène Sanchez-Summerer, Leiden University Editorial Board Members Gerda Hassler, University of Potsdam Douglas A. Kibbee, University of Illinois at Urbana-Champaign Marie-Christine Kok Escalle, Utrecht University Joep Leerssen, University of Amsterdam Nicola McLelland, The University of Nottingham Despina Provata, National and Kapodistrian University of Athens Konrad Schröder, University of Augsburg Valérie Spaëth, University of Paris III: Sorbonne Nouvelle Javier Suso López, University of Granada Pierre Swiggers, KU Leuven The French Language in Russia A Social, Political, Cultural, and Literary History Derek Offord, Vladislav Rjéoutski, and Gesine Argent Amsterdam University Press Cover illustration: Front page of Gazette de St. -
The "Loyalist" Economy of Upper Canada, 1784-1806*
The "Loyalist" Economy of Upper Canada, 1784-1806* Douglas McCALLA * * This paper surveys the first twenty years of the Upper Canadian economy and its development in the wake of the initial Loyalist settlements. Referring to evidence on population growth, wheat prices, British government expenditures, exports, agricultural development, the domestic market, and the nature of the colonial business system, it dis cusses the forces for growth in this economy. No one factor can explain the development that took place in the period, though the paper stresses the investment process, particularly as embodied in immigration and in the creation of new farms; reasons for patterns here are sought in the presumed expectations of new settlers, in conjunction with their experience once involved in the economy. The paper argues for long-term continuities in patterns of growth for Upper Canada, from this period to c. 1850, as indicated in wheat output and exports per capita, land cultivated per capita, rates of population growth, the role of the trade cycle, and the nature of the business system that sustained the development that went on. L'auteur s'interroge ici sur les facteurs de croissance de l'economie du Haul Canada au cours des vingt premieres annees d'existence de Ia province, qui furent mar quees par l'arrivee des Loyalistes. Des facteurs pris en consideration- croissance demo graphique, prix du bte, depenses publiques de Ia metropole dans Ia province, expor tations, developpement agricole, marche interieur et nature du reseau commercial en regime colonial - aucun ne suffit, isolement, ii expliquer /'expansion survenue au cours de Ia periode. -
Print, Publicity, and Popular Radicalism in the 1790S
PRINT, PUBLICITY, AND POPULAR RADICALISM IN THE 1790S Jon Mee explores the popular democratic movement that emerged in the London of the 1790s in response to the French Revolution. Central to the movement’s achievement was the creation of an idea of ‘the people’ brought into being through print and publicity. Radical clubs rose and fell in the face of the hostile attentions of government. They were sustained by a faith in the press as a form of ‘print magic’, but confidence in the liberating potential of the printing press was interwoven with hard-headed deliberations over how best to animate and represent the people. Ideas of disinterested rational debate were thrown into the mix with coruscating satire, rousing songs, and republican toasts. Print personality became a vital interface between readers and text exploited by the cast of radicals returned to history in vivid detail by Print, Publicity, and Popular Radicalism. This title is available as Open Access at 10.1017/ 9781316459935. jon mee is Professor of Eighteenth-Century Studies at the Univer- sity of York and Director of the Centre for Eighteenth-Century Studies. He has published many essays and books on the literature, culture, and politics of the age of revolutions in the late eighteenth and early nineteenth centuries. He is also author of The Cambridge Introduction to Charles Dickens (Cambridge, 2010). CAMBRIDGE STUDIES IN ROMANTICISM Founding editor professor marilyn butler, University of Oxford General editor professor james chandler, University of Chicago Editorial Board john barrell, University of York paul hamilton, University of London mary jacobus, University of Cambridge claudia johnson, Princeton University alan liu, University of California, Santa Barbara jerome mcgann, University of Virginia david simpson, University of California, Davis This series aims to foster the best new work in one of the most challenging fields within English literary studies. -
Founding Choices: American Economic Policy in the 1790S
This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Founding Choices: American Economic Policy in the 1790s Volume Author/Editor: Douglas Irwin and Richard Sylla, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-38474-8 (cloth); 0-226-38475-6 (paper) ISBN13: 978-0-226-38474-0 (cloth); 978-0-226-38475-7 (paper) Volume URL: http://www.nber.org/books/irwi09-1 Conference Date: May 8-9, 2009 Publication Date: December 2010 Chapter Title: The Significance of the Founding Choices: Editors’ Introduction Chapter Authors: Douglas A. Irwin, Richard Sylla Chapter URL: http://www.nber.org/chapters/c11735 Chapter pages in book: (1 - 21) The Signifi cance of the Founding Choices Editors’ Introduction Douglas A. Irwin and Richard Sylla Bookstores today are awash with titles that celebrate America’s Founding Fathers as courageous and far- sighted leaders who not only guided the nation through the difficult period of achieving independence from Britain, but also established a system of government that has survived relatively unchanged for more than two centuries. Almost completely ignored in this outpouring of works, however, is a sense for the economic policy achievements of the founders. The neglect of economic policy is surprising. The United States in 1790 was a relatively small economy compared to the leading nations of Europe and Asia. Within a century it would become the world’s larg- est economy. In two centuries it would become an economic and political colossus with a larger population than any other country except China and India.