America's Economy After the War of 1812

The video discusses America's economic transformation after the War of 1812, highlighting the shift from a mercantilist system to capitalism and a free enterprise market. It explains how the war led to increased industrialization, particularly in the North, and the transition from cottage industries to factory systems. The video also covers the impact of the Industrial Revolution on urbanization, with people moving to cities for job opportunities, and addresses the challenges of urbanization, such as pollution and low wages.

What was a major consequence of the War of 1812 for America's economy?

• Increased trade with Britain

• Dependence on foreign goods

• Growth of domestic industrialization

• Decline in factory production

Which economic system did America transition to after the War of 1812?

• Socialism

• Mercantilism

• Feudalism

• Capitalism

In a free enterprise system, who primarily owns businesses?

• The government

• Private individuals

• Foreign investors

• Community organizations

What is a key feature of capitalism?

• Government sets all prices

• High government involvement

• Freedom to compete

• Businesses are state-owned

How does the cottage industry differ from the factory system?

• Cottage industry has higher quality but lower quantity

• Factory system has higher prices

• Factory system produces handmade goods

• Cottage industry uses machines

What is a characteristic of the factory system?

• Low production efficiency

• High quantity, lower quality

• Handmade goods

• High production costs

What was a major impact of the Industrial Revolution on American cities?

• Decrease in urban population

• Decline in job opportunities

• Growth of rural communities

• Increase in urbanization

Which city was NOT mentioned as growing during the mid-1800s due to urbanization?

• Philadelphia

• New York City

• Boston

• Los Angeles

What social issue was NOT a result of urbanization during the Industrial Revolution?

• Child labor

• Increased rural living

• Overpopulation

• Pollution

What economic opportunity attracted people to urban areas during the Industrial Revolution?

• Military service

• Government positions

• Factory jobs

• Agricultural jobs