What Is the History of the Modern American Economy

The modern United States  economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy. During this evolution, the United States developed ever more complex institutions to match its growth. And while government involvement in the economy has been a consistent theme, the extent of that involvement generally has increased. The Indigenous American Economy North Americas first inhabitants were Native Americans, indigenous peoples who are believed to have traveled to America about 20,000 years earlier across a land bridge from Asia, where the Bering Strait is today. This indigenous group was mistakenly called Indians by European explorers, who thought they had reached India when first landing in the Americas. These native peoples were organized in tribes and, in some cases, confederations of tribes. Prior to contact with European explorers and settlers, Native Americans traded among themselves and had little contact with peoples on other continents including other native peoples in South America. What economic systems they did develop were eventually destroyed by the Europeans who settled their lands. European Explorers Discover America Vikings were the first Europeans to discover America. But the event, which occurred around the year 1000, went largely unnoticed. At the time, most of European society was still firmly based on agriculture and land ownership. Commerce  and colonization had not yet assumed the importance that would provide an impetus to the further exploration and settlement of North America. But in 1492, Christopher Columbus, an Italian sailing under the Spanish flag, set out to find a southwest passage to Asia and discovered a New World. For the next 100 years, English, Spanish, Portuguese, Dutch, and French explorers sailed from Europe for the New World, looking for gold, riches, honor, and glory. The North American wilderness offered early explorers little glory and even less gold, so most did not stay but rather returned home. The people who eventually did settle North America and drove the American early economy arrived later. In 1607, a band of Englishmen built the first permanent settlement in what was to become the United States. The settlement, Jamestown, was located in the present-day state of Virginia and marked the beginning of European colonization of North America. The Early Colonial American Economy The early colonial American economy differed greatly from the economies of the European nations from which the settlers came. Land and natural resources were abundant, but labor was scarce. Throughout the early colony settlement, households relied on self-sufficiency on small  agricultural farms. This would eventually change as more and more settlers joined the colonies and the economy would begin to grow.

Essay On National Defense Education Act - 1107 Words

National Defense Education Act (NDEA), U.S. federal legislation passed by Congress and signed into law by President Dwight D. Eisenhower on September 2, 1958, that provided funding to improve American schools and to promote postsecondary education. The main goal of the legislation was to enable the country’s educational system to meet the demands posed by national security needs. Of particular concern was bolstering the United States’ ability to compete with the Soviet Union in the areas of science and technology. On October 4, 1957 the Soviet Union shocked the people of the United States by successfully launching the first Earth orbiting satellite, Sputnik. Americas first satellite exploded seconds after liftoff.†¦show more content†¦The criticism of American education, especially its public schools, increased immensely with the launching of Sputnik 1, the world’s first artificial satellite, by the Soviet Union in October 1957. Eisenhower, in his Message to Congress on January 27, 1958, called for matching educational programs with national defense needs and recommended the federal government play an important part in this activity. The NDEA was the result of the enlarged federal role in education (britannica). On the day Sputnik first orbited the earth, the chief clerk of the Senate’s Education and Labor Committee, Stewart McClure, sent a memo to his chairman, Alabama Democrat Lister Hill, reminding him that during the last three Congresses the Senate had passed legislation for federal funding of education, but that all of those bills had died in the House. Perhaps if they called the education bill a defense bill they might get it enacted. Senator Hill, a former Democratic whip and a savvy legislative tactician, seized upon on the idea, which led to the National Defense Education Act (Senate.gov). The Act The purpose of the NDEA was to improve and strengthen all levels of the American school system and to encourage students to continue their education beyond high school. Specific provisions included scholarshipsShow MoreRelatedEssay On National Defense Education Act1109 Words   |  5 Pages National Defense Education Act National Defense Education Act (NDEA), U.S. federal legislation passed by Congress and signed into law by President Dwight D. Eisenhower on September 2, 1958, that provided funding to improve American schools and to promote postsecondary education. The main goal of the legislation was to enable the country’s educational system to meet the demands posed by national security needs. Of particular concern was bolstering the United States’ ability to compete withRead MoreAPUSH DBQ1101 Words   |  5 PagesHISTORY SECTION I1 Part A (Suggested writing time-45 minutes) Percent of Section I1 score-45 Directions: The following question requires you to construct a coherent essay that integrates your interpretation of Documents A-I and your knowledge of the period referred to in the question. High scores will be earned only by essays that both cite key pieces of evidence from the documents and draw on outside knowledge of the period. 1. What were the Cold War fears of the American people in the aftermathRead MoreDwight D. 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Evolution Is Result Of Natural Selection - 1300 Words

Evolution is the change in the different types of living organisms which is slow process. Natural Selection is a battle between individuals within species, which results in the survival of those organisms that are better suited to their environment than others. Natural Selection is a mechanism of evolution. There are three conditions of Natural Selection which should meet to be able to survive and reproduce, so they can pass the traits to the next generation. In all species, there are huge numbers of variation in genetic traits which can help them to survive and there are some organisms which have specific characteristics which will help them to survive than other living things. Natural Selection helps species to adjust within the new or existing environment, to able to survive and pass to their offspring. There are competition for resources: However, there are some living things which are better competitors than others which can survive and reproduce. Evolution is result of Natural Selection (Smock 2014). The Italian Wall lizard is the one of the greatest examples of evolution by Natural Selection occurring during the past 200 years. The evolution of the Italian Wall lizard is an example of divergent evolution. In 1971, 10 pairs of Adult lizards were moved by scientist from original island of Pod Kopiste to the islands of Pod MrÄ aru which were nearby (Lord 2011). The lizards were there for decades. After few years, the Italian Wall lizards were compared with their sameShow MoreRelatedCharles Darwin and Natural Selection975 Words   |  4 PagesNatural Selection, a key mechanism of evolution is the progressive process by which biological traits either become more or less common in a community or population as a result of inherited traits on different reproductive success of organisms with their environment. 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Darwin express the theory of evolution by natural selection as a process by which species change over a period of time. This change take place because of the changes in genetic and behavioral traits. The ability of the organisms to change over time or adjust to fit environmental

Robert Frosts Use of Nature In Poetry Essay Example For Students

Robert Frosts Use of Nature In Poetry Essay This essay Is very well written, put together good, and flows smoothly Good Job Robert Frosts Use of Nature In His Poetry In most poetry and literature people can pick out certain characteristics that tend to appear in each piece of the authors work. In the work of Robert Frost he has certain ideas and themes that can be found in many of his creations of literature. Nature is one theme that seems to play a major role In the poetry he writes. He tends to use nature to symbolize something that has to do with human life or situations that humans face. There Is usually a deeper meaning burled In his work. In the poem The Road Not Taken nature comes Into play when he Introduces to the reader two separate paths that the speaker comes upon in the woods. The speaker is faced with the decision of which path he will choose to travel. He has to choose only one path, therefore leaving one that he will not get to experience. The disappointment of the speaker is shown when he expresses that he Is sorry could not travel both (line 2). He also shows his hesitancy of the decision; (Barry 13) when It Is stated Though as for that, the passing here / Had worn them really about the same (line 9-10). It seems as If he is expressing an Inability to turn his back completely on any possibility (Barry 13) of returning when the poems reads Oh, I for another day! (line 13). He also knew that the possibilities of him actually returning to ever walk the path not chosen were very slim. He made a decision and took the other (line 6) path. It is obvious that these two roads in the woods symbolize paths in life and choices that people make in the Journey of life itself. Decisions that people make, large or small, have an impact on their future. The speaker says that the path he choose made all the difference (line 20) his life. Frost does not name specific decisions that are made and he does not tell what the results are. He leaves the option open for the reader to fill in his own circumstances that he has faced life. In lines 16 and 17 the speaker says that in ages and ages hence he would be telling this with a sigh. This shows that the he may be having regrets for the possibilities of the past. is less concerned for the road taken than for the road not taken.