Author Archives: jillahearn1011

N.A.F.T.A., or the North American Free Trade Agreement was created by President Clinton in 1993. It is an agreement between Canada, the United States and Mexico to reduce trading costs and increase investments. This in turn, would help North America to be more globally competitive. NAFTA accomplished more than that, however, both positive and negativeContinue reading “N.A.F.T.A. and its Implications”

As cities and urban centers became manufacturing strongholds, packed with immigrants and blue collar workers, white collar citizens began to move to quieter areas. They wanted to move somewhere that they could live luxuriously, and enjoy their money. Ultimately, they wanted the freedom to live how they please, without urban regulations placed upon them byContinue reading “The Effects of Migration in America”

Before World War I, the growth of American infrastructure, population, and immigration had completely slowed down. Things remained still, and the economy did not grow nearly as much as it did at the turn of the century. Some theorize this is a reason the Great Depression was so severe, and lasted so long–the economy wasContinue reading “The Great Depression and the Great Migration”

World War I was one of the largest spikes of industrialization in the U.S., only to be rivaled with by World War II. During times of war, America mobilized its citizens to produce weapons, ammunitions, and other supplies. As World War I was the first instance of this, it changed the way the American economyContinue reading “World War I and its Impact on American Economics”

At the turn of the century, America became increasingly industrialized. New raw materials were being discovered and the minds of Americans sparked with creativity when putting them to use. Kerosene was a huge industry, as people implemented Kerosene lamps into their daily lives. According to “Henry Demearest Lloyd Exposes Standard Oil Monopoly”, Kerosene was soContinue reading “The Increase in Industrialization and its Effects on Society”

It’s no secret that the majority of Americans profited off of slave labor and slave trade. Those practices generally birthed the American economy. However, planters were not always successful–in fact they faced many setbacks including harsh weather conditions and the Panic of 1837. As finances were tight, and the prices of crops fell, plantation ownersContinue reading “How Slavery and Agriculture Impacted the Finances of the South”

As we all know, America is a capitalistic society–and it arguably always has been. Back when slavery was legal, in the 1800s, plantation owners decimated lives and land in order to benefit their wallets. These same men birthed the industrial revolution, paving the way for large scale operations and factories. They could never have enough.Continue reading “The Lasting Impact of Slavery and How it Inspired American Capitalism”

In chapter 7 of Robert Wright’s book, One Nation Under Debt, he discusses the different groups of people in Virginia that acted as bondholders throughout the late 1700s and the early 1800s. What is most surprising to me, is that women were among these bondholders. Women arguably have still not been granted equal rights, soContinue reading “American Debt and its Bondholders”

After the Americans won the Revolutionary War, it was time to make decisions on how they would further conduct their newly free colonies. Federalists were those who advocated for a strong central government, provided by a new constitution, while antifederalists feared the chance of it becoming too strong and tyrannical (like the monarchy they justContinue reading “A New Republic Faced with Financial Conflicts”

In chapter One of Robert Wright’s One Nation Under Debt, he discusses the onset of financial troubles in early American history–while comparing it to the functions of other countries around the World. The United States is economically successful in most respects because it followed something, Wright called, “the development diamond”. He compares economic success andContinue reading “Wealth and the Lack Thereof Prescribed by Cultural differences Around the World”