Unit+II

Unit II Chapters 6-10

=**__Chapter 7 Preview & Data Collection__**=
 * **Thomas Jefferson is new President**
 * **He begins his rein with a push for education, scientific reasoning, and enlightment among the society**
 * **Push for revival of religion in America.**
 * **Industrial Revoltion sets of in America with the creation of textile mills.**
 * **Capital relocated**

=//__MARBURY V. MADISON__//=


 * Adams appointed many federalists to important posititions
 * Marbury to be justice of peace
 * John Marshall was supposed to make sure that the paperwork got done for him
 * Thomas Jefferson basically says that the paperwork isn't done yet so we aren't going to finish for him
 * Sneaky by Adams
 * Marbury sues Madison because he thinks he should be president
 * case goes to the supreme court
 * Marshall is the supreme court chief justice ; he was already involved
 * Court rules that he should give Marbury comission but its not there job to enforce it
 * They had the right but decided that it wasn't a good right that congress passed, so they decided too void the right because its not in the constitution
 * They remind everyone that they determine if every law that comes to them is constitutional through there case



media type="custom" key="7318623"

=**__Key Characteristics of Jacksonian America__**=
 * Democracy - This was one very big aspect of his presidency. He believed that people should have a say of what goes on in the government they have more rights
 * Bank of united States- Jackson hated the national bank because he didnt like the idea of just one bank handling money with all that power did the best he could to weaken power
 * Removal of Indians- The removal of Indians was huge because it pushed Indians further west for white settlement.
 * Two Party System- The developments of the whigs, jacksons democrats and whigs (anti-Jackson )
 * Taney Courts- Jackson appointed him to balance out court cases between national and state governments
 * The spoils system - Jackson wanted to remove old people, he wanted younger men ; replaced older people with his friends
 * decentralizing economic power, he didn't like wealthy people, wanted Common man to have more of a say
 * He was very pour and power hungry himself

=//**__Capitilism in America :__**//= =**__ Elements of the capitilist economy: __**=
 * Economy- system of production,distribution, and consumption with in a country or world
 * Free Market Capitalism is a system in which government intervention is limited and the market is allowed to sustain on its own
 * **Encourges competition.**
 * Capitalism is a system in which the means of production are privately owned and for private profit.
 * **﻿Based on selfish people that are willing to do cheat, lie, and steal for there well being**
 * America doesn't fully have a capatilist economy because the government does intervene to eliminate too much concentrated powers.
 * Capitilkism depends on coporation of responseibilities.
 * capital is money and things that are worth money
 * Capitilism- an economic system based on capital money and property(goods that have value)- indivuals and privately owned companies control the capital - they control means of production - goods needed to make things.
 * system based on competition and also on cooperation.
 * cooperation applies to everyone working together to achieve a common goal
 * Industry = type of company
 * companies all compete within the industries
 * America does not practice pure capitilism
 * government involved in the economy
 * The government sets rules and regulations for buisness and industries - ex: Monoplies are illegal
 * system based on competition and also in cooperation. Buisnesses are trying to maximize their profits and their market share- how much of there industry they control
 * Invisible hand regulates economy, no government regulates anything, everything just happens, everything works out to self interest, competition, and laws of supply and demand
 * laissez faire- idea that government shouldn't interfer in the economy only works if invisble hand works
 * private buisnesses - manufacturing, sales,services
 * consumers
 * investors - stockholders
 * industries
 * pyay san
 * government
 * workers/unions
 * banks
 * schools -

In America-what else does the government do in the economy ?
 * Regulates buisnesses and industries
 * taxes
 * creates jobs- govt workers, public employees (firefighters, teachers, etc.)
 * funds schools, infrastructure(parks, roads, etc)
 * controls/monitors currency
 * Welfare programs - food stamps, subsidized housing, free and reduced lunch programs, unemployment benefits, medicare(elderly) and medicaid(poor), social security

===//So the american economic system is not pure, laissez faire capitilism, America is a "semi-visible" hand. The American economy is called a MIXED ECONOMY, elements of free-market capitlism and elements of socilism - such as the govt programs like welfare, social security, etc- some call it welfare capitalism//=== Consistent question of American History... how much should the government be involved in the economy ?

===I agree today with how the government interfers with the economy. I believe that the government may do whatever they feel is the best decisions to better our country (it is a democracy and we voted for that person to make those decisions)===

===I think that America runs on capitilism. I only believe this because the documentary by Micheal moore. I think that America would not work if it was pure capitilism. There would be too many monoplies in America and many jobs would be lost. It would be competition. Although America is somewhat capatilistic, America should only have competition to an extent===