| TPEs | Banks, Manufacturing, and Markets | Public Enterprise |
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What is the commonwealth system?
a system that funneled state aid to private businesses whose projects would improve the general welfare.
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What was the primary argument that the Republican Party used to disapprove of the creation of a federal bank?
They stated that the creation of a federal bank was not a part of the constitutional powers.
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They believed that such rights diminish the "equal rights" for citizens, and are taking away power from the states.
Why did some critics condemn the privileges that were granted to the private enterprise?
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What is a "neomercantilist" system?
A system with government assisted economic development
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What was the effect of the changing economy on the environment?
The changes depleted the environment. An example is the clearing of trees to create pastoral land.
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What was the Mill Dam Act?
In 1795, an Act was passed to deprive farmers in Massachusetts of their rights of stopping the flooding caused by nearby flour mills. Those farmers were also forced to accept the “fair compensation” for their lost acreage.
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What was the Panic of 1819?
A financial crisis caused by unreliable banking policies.
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What was the Turnpike company?
The name of the company that built a graveled road to Philadelphia?
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special legal privileges, such as the power of an eminent domain, that allowed turnpike, bridge, and canal corporations to force the sale of privately owned land along their routes.
American legislatures try to increase the commonwealth by special charters, what is one example of the rights that these charters usually have?
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