Unit+2


 * Theories & Principles of the Constitution and Where It Got Us!**

__﻿Characteristics of Jacksonian America__
- power to the people - non-concentrated power - expansion of electorate - Democratization - expansion of America - expansion of opportunity - rise of 2nd party system

Jackson opposed the Bank of the United States because it was elitist. The bank being elitist would mean that everyone would not get an equal opportunity, something the Jacksonian presidency strived for. Having risen to the presidency from a common life, Jackson wanted to spread opportunity to all of America. He also thought that the Bank generally favored Northern elites rather than Southern working men. With the bank having much power from business elites, the business elites thus had more power over the common people trying to get loans.

Capitalism in America and How It's Practiced
capitalism: an economic system by private or corporate ownership of capital goods for profit, which is distributed to owners who invest in businesses, and wages are paid to workers employed by businesses and companies.

examples:
 * based on personal property ownership
 * The Apprentice (Donald Trump's buying of property and waiting for value to increase)
 * different prices for same goods
 * product differentiation
 * US - freemarket capitalism = little government intervention - market makes its own decisions
 * businesses run by private individuals or groups (opposed to government)

capital: money + property free market capitalism: little government intervention laissez-faire - to let do (hands off, government! we got dis!) invisible hand - self-regulating nature of marketplace

elements of the economy: -consumer dollars -workers/unions -means of production: controlled by government, not private businesses -supply and demand -government rules + regualations (?) -banks some core principles originate from The Wealth of Nations 1776 by Adam Smith

__Economy__: the prosperity or earnings of a place

America practices a "mixed economy"; it combines elements of capitalism and socialism; sometimes referred to as Welfare Capitalism ex:
 * food stamps
 * social security
 * unemployment benefits

government regulates trade, business, minimum wage, taxes individuals and businesses

the capitalism system in america works. it may not be the most successful system in America sometimes (Great Depression, current economic climate) but for the most part the idea of a self-regulating economic system ties in with the ideas for government in America. the way that capitalism allows for me to be able to climb up social classes also ties in with the country's mission statement of providing opportunity. examples of capitalism working would be me being filthy upper middle class! actually a proper example would be my parents, one of whom is a records manager for a health insurance company, and the other who independently owns an auto repair shop.

THE CONSTITUTION OF THE UNITED STATES OF AMERICA AND THE UNITED STATES OF AMERICA A DBQ BY JAMES MANZLO The statement is indeed valid; the Constitution did become a source of conflict between free states and slave states, partially due to the way the Constitution was framed when it was written, compared to antebellum America. The Constitution did become outdated as time went on, as the document did not include anything on slavery, westward expansion, or secession, all of which would become critical issues in the mid 19th century. Several acts of Congress also contributed to the situation, including the Missouri Compromise, “Fugitive Slave Act” which required all runaway slaves to be captured and brought back to their masters, and the Supreme Court’s ruling in the Dred Scott case, which declared all blacks as property, and the United States did not have authority to confiscate property, thus no black could be free in the country (effectively undoing the Missouri Compromise). Finally, the differences between the North and South just became too severe for the Constitution to stop any conflict between the two; the two entities both gained a mindset that they were better than the other and were entitled to their way of life. Eventually, it would take war to bring the Constitution into the modern day.