Neo Mercantilistic Policy

Neo- mercantilist policy had an enormous effect in transforming the nation. One huge effect neo-mercantilistic policy had was on manufacturing. Previously large loans were only accessible to farmers. However, after the Bank of North American was catheter merchants had much more access to the same loans and funds that the farmers did. Eventually, when state banks were chartered bad banking policies caused the Panic of 1819 which drove down land prices and caused a decline in a farmer’s income. Due to this, there was an increase in rural manufacturing in which various artisans sold their products to a wider market. Merchants were able to buy materials, hire previous farmers to process them, and then sell the finished product. Manufacturing began
The Commonwealth System (part of neo-mercantilistic policy) would also prompt manufacturing as states would now aid private businesses who had projects which were to improve the general welfare of the population. New England states gave charters to 200 iron-mining, textile manufacturing, and banking companies. Another change that occurred due to neo-mercantilistic policy was the new American transportation system. Many state legislatures granted charters to private transportation companies. For example, the Massachusetts legislature granted charters to over a 100 turnpike companies. Pennsylvania also issued many characters, most famously one to the Lancaster Turnpike Company, which built a 65 mile road to Philadelphia. New roads connected many new market centers and seaport cities together. Canals were also constructed in order to get through waterfalls and rapids. All in all, these legislative charter for turnpikes, canals, and banks show that American was turning to neo-mercantilist policies as the government was assisting private companies and people in their economic projects. America also created other laws such as that of eminent domain to further assist private transportation companies in their
To begin with, before the Revolution most marriages were arranged marriages but because yeomen farmers started to lose land they had fewer resources to give to their children’s family and therefore started to have less control of their marriages. This led to a new cultural attitude called sentimentalism which is basically the idea that young men and women now marry the person they want to marry. Interestingly, this change in culture confirmed even more to republican principles in where the male dominates. This was because these republican principles were already ingrained within the culture and also due to the fact that American law gave family property to the father which allowed the male to continue to dominate. Also sentimentalism discouraged families from protecting their daughters which only further proliferated the patriarchal culture. Then Republican values called for women to spend more time nurturing the kids and care more for the welfare of the family. Furthermore religious changes gave women a more prominent role in church as well led to further education for women. Americans started to gravitate toward churches which preached equality than those that were based on a hierarchy. This principle as well many others cause the 2nd Great Awakening which caused a surge in religious enthusiasm which allowed women to be more involved with the church. Since women could not engage in