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Sequence 1 Foundations of American Economics

The document outlines a course titled 'Foundations of American Economics,' focusing on the economic history of America, including early economic activities and the Market Revolution. It aims to develop students' understanding of economic ideologies, historical contexts, and relevant vocabulary while employing continuous assessment for evaluation. Key topics include the economic activities in the thirteen colonies and the transition to industrial and commercial economies in the early 19th century.

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Karim Benboutine
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21 views

Sequence 1 Foundations of American Economics

The document outlines a course titled 'Foundations of American Economics,' focusing on the economic history of America, including early economic activities and the Market Revolution. It aims to develop students' understanding of economic ideologies, historical contexts, and relevant vocabulary while employing continuous assessment for evaluation. Key topics include the economic activities in the thirteen colonies and the transition to industrial and commercial economies in the early 19th century.

Uploaded by

Karim Benboutine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SEQUENCE 1

Intitulé du cours :
Culture(s)/ Civilisation(s) de la Langue 4
Sequence 1: Foundations of American Economics
1.1 Introduction
1.2. Overview of the Economic History of America
1.2.1. Economic Activities in Early America
1.3.The Market Revolution
1.3.1. The Shift to Industrial and Commercial Economies

Compétences et objectifs visés par la séquence :


- Master the ability to evaluate the influence of economic ideologies and
historical events on the development of American economic systems and policies.
- Understand the key economic principles and historical context that have shaped
the U.S. economy.
- Use and apply English concepts and vocabulary related to the field of economy.

Evaluation spécifique à la séquence


Continuous assessment is the main evaluation technique

Echéances : séquences 1, 2 et 3 formative assessment (tasks during and end of sequence)


summative assessment

Contenu de la séquence 1

1.1. Introduction
The sequence titled “Foundations of American Economics” provides a comprehensive
examination of the historical evolution, key theories, and influential figures that have shaped
the American economy. By delving into important events, economic sectors, and
government interventions, this course aims to provide students with essential critical
thinking abilities to comprehend and assess the lasting impact of American economics on a
global level.
------------------------------------

1.2. Overview of the Economic History of America


This part of the first sequence focuses on exploring the relationship between American
history and economics by discussing the fundamental concepts of trade, bartering, and early
economic activities in the early stages of pre-independent America.
------------------------------------

1.2.1. Economic Activities in Early America


The economic activities in the thirteen colonies greatly influenced the early development
and prosperity of American society. The diverse economic activities that were prevalent in
the thirteen colonies primarily consisted of agriculture, trade, and manufacturing.
The Southern colonies had favorable weather for growing crops that were in high
demand in Europe, such as tobacco and rice. This led to an increased need for labor and
immigration, with slaves being brought in to expand production. In the Northern colonies,
the climate was more similar to northwest Europe, limiting their export opportunities.
However, they developed small farms that raised livestock and grew grains, exporting
flour to Southern Europe and the West Indies. The Northern colonies also had well-
developed merchant communities that organized regional and international trade. By the
late colonial period, Boston, New York, and Philadelphia were busy urban centers, while
Charleston was the main city in the South (Rosenbloom 7).
Climate differences in the 13 British colonies shaped diverse economies, influencing their
social and political development.

WATCH:
This link (https://www.youtube.com/watch?v=3LQhy8wTRss) directs you to a
YouTube video titled Economy and Geography of the Regions of the 13 Colonies,
which delves into the specific aspects of the economy in each of the three regions
within the 13 colonies.

Activity 1: According to the video, mention in a table the major economic properties,
activities and industries in each region.

Southern Colonies Middle Colonies New England Colonies

Activity 2: Explain how the geography of the 13 colonies contributed to its economic
differences.

------------------------------------

1.3 The Market Revolution

The second part of the first sequence is titled “The Market Revolution” which marks a
significant shift in the American economy toward industrial and commercial economies.
This period, spanning the early to mid-19th century, witnessed profound changes in
production, distribution, and consumption, laying the groundwork for the modern American
economy. Through an exploration of technological advancements, market expansion, and
shifts in labor practices, the lasting impact of the Market Revolution on the economic
landscape of the United States will be tackled.

------------------------------------
1.3.1. The Shift to Industrial and Commercial Economies

In the early 1800s, America experienced a transformation from a subsistence-based


society to a more commercialized nation. The Industrial Revolution brought new
technologies, such as steam power, that fueled the growth of American industry and
transportation. This period, known as the “Market Revolution,” drastically changed the
country (Arehart). These changes were significantly in the way goods were produced,
transported, and sold.

READ:

“The Industrial Revolution took place in the eighteenth and nineteenth centuries. Scholars
differ as to whether the period was started in the mid- or late eighteenth century. The
Industrial Revolution led to the Market Revolution and many other changes, including
urbanization. Urbanization is the term used to describe mass population migrations to urban
city centers. These cities were often the site of factories and many citizens, especially in
Western and rural regions of the United States, moved to urban areas to work in factories.
The Industrial Revolution was also characterized by a significant increase in immigration.
Most of these immigrants came from Western Europe and were mostly blue-collar workers.
This influx of immigrants made urban areas even more dense.”

Source: Hepler, Reed. “Factory System | Industrialization & Market Revolution.” Study.Com,
study.com/academy/lesson/american-industrialization-factory-system-and-market-revolution.html.

Activity One: Read the text carefully and state whether the following statements are true or
false. Justify your answer.

Statement True False


The Industrial Revolution took place in the 18th and 19th centuries.

The Industrial Revolution led to the Market Revolution and


industrialization.
Urbanization refers to the migration of people from urban areas to
rural city centers.
The immigrants who came to urban areas during the Industrial
Revolution were mostly white-collar workers.
The influx of immigrants from Western Europe made urban areas
less dense.

Activity Two: Based on the text above, choose the right answer.

1. When did the Industrial Revolution take place?


a) 17th and 18th centuries
b) 18th and 19th centuries
c) 19th and 20th centuries
d) 16th and 17th centuries
2. What term is used to describe mass population migrations to urban city centers?
a) Suburbanization
b) Ruralization
c) Urbanization
d) Migrationization

3. What were the characteristics of the immigrants who came to urban areas during the
Industrial Revolution?
a) Mostly blue-collar workers from Western Europe
b) Mostly white-collar workers from Western Europe
c) Mostly professionals from Eastern Europe
d) Mostly skilled artisans from Asia

4. What major change was a direct result of the Industrial Revolution?


a) Agrarian Revolution
b) Market Revolution
c) Information Revolution
d) Cultural Revolution

Modalités :
Written Continuous assessment is the evaluation technique
Echéances :
Continuous assessment
Formative Assessment: Tasks at the end of the sequence

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