American Economic System In The Late 1700s

During the late 1700s and into the early 1800s, the American economic system was maturing. As the country grew and its citizens became more diverse, two political parties were formed to represent differing ideas of the people.

In the year 1795 the Pinckney Treaty took place. The Pinckney Treaty was a treaty with these main goals. To establish commercial relations with Spain, to begin trading with the whole world and to have full navigation of the Mississippi River. There was also an uproar in the late 1700’s when farmers created a rebellion against the Whiskey Tax. The Whisky Tax was a tax put in place by George Washington. Farmers created the rebellion because they felt they didn't get a say in the decision of the tax. These situations show that the economic system was going through some good times and bad times in order for it to mature to where it is now.

Federalist are a political party group that was established in 1789. The federalist believed in power being with the cities or states. They also did not want to participate in many wars. The other political group that was around at the time were the Democratic Republicans. The Democratic
The Louisiana Purchase is a big purchase of land, with more than 530,000,000 acres bought. We originally wanted to purchase only the side with the Port of New Orleans but purchasing that would give us more wiggle room and solve our trade route problems. When we went to go buy it France was in desperate need of money and sold us more than we wanted, but we did get a good price on it. This was also enforced by John Adams because he was a federalist that wanted to trade with France and Britain. The Jay Treaty was also established to open trade with Great Britain and the U.S. again. This shows that the American Economic system was maturing with this purchase along with allowing the citizens to spread