Lesson 1.3 The Early American Economy

Which statement would most likely have been made by an American factory owner in the early 1800s?

• I can't find workers because people are leaving the cities.

• New machines make running a factory more profitable.

• My workers make everything by hand.

• It's getting harder and harder to make money.

Which statement would most likely have been made by a male American factory worker in the early 1800s?

• All the factories are closing - I don't know what I'll do.

• there's more money to be made in farming than in factories.

• There are many more job opportunities than there used to be.

• These products can't compete with goods being brought in from Great Britain.

What was the most important economic activity in the United States in the 1790s?

• Farming

• Manufacturing

• Shipbuilding

• Fishing

In the 1790s, most people in the United States worked as ________.

• farmers

• factory workers

• business owners

• soldiers

High tariffs led to:

• less profits for American manufacturers.

• increased sales of American goods overseas.

• higher prices on goods from other countries.

• American farmers raising their prices.

High tariffs also led to:

• devastation for American manufacturers.

• the closing of man American factories.

• American farmers having difficulty selling crops overseas.

• increased sales of American crops overseas.

Why did the U.S. government support capitalism in the early 1800s?

• Most government leaders were factory owners.

• Leaders believed the government shouldn't interfere in people's lives.

• Businesses would fail unless the government helped them.

• The government wanted to discourage farming.

What did the U.S. government do in the early 1800s to promote capitalism.

• It taxed farms at a high rate to encourage people to start factories.

• It outlawed private ownership of factories.

• It gave tax breaks to some business owners.

• It allowed each state to create its own money.

Which diagram shows an effect of Henry Clay's American System?

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Which diagram also shows an effect of Henry Clay's American System?

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