US HISTORY CH.11

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Author:
brittanystx
ID:
14648
Filename:
US HISTORY CH.11
Updated:
2010-04-15 14:40:56
Tags:
US HISTORY CH WCJC
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Description:
YEOMEN FARMERS ECONOMIC PANIC
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  1. What were yeoman farmers?
    • backbone of southern society
    • 50% of whites
    • owned no slaves
    • farmed 80 - 160 acres
    • everywhere execpt for rice and sugar districts and river bottomlands b/c they were large plantations
  2. 5 points for economic panic of 1837
    • 1. b4 jackson left office
    • 2. rampant speculation in west land
    • 3. speculative craze spread to canals, roads, railroads, and slaves
    • 4. failure of wheat crop (prices rose)
  3. more about economic panic...
    • english investors call in loans
    • american banks collapse
    • commodity prices dropped
    • public land sales fall
    • factories closed
  4. 1844 what democrat runs?
    james polk
  5. James Polk goals:
    • lower tariff
    • restore independent treasury
    • get california
    • settle oregon county dispute

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