Competing Visions: Federalists and Democratic-Republicans
The New American Republic
Partisan Politics
The United States Goes Back to War
“The happy Effects of the Grand Systom [sic] of shutting Ports against the English!!” appeared in 1808. Less than a year earlier, Thomas Jefferson had recommended (and Congress had passed) the Embargo Act of 1807, which barred American ships from leaving their ports.
The partisan political cartoon above (
[link] ) lampoons Thomas Jefferson’s 1807 Embargo Act, a move that had a devastating effect on American commerce. American farmers and merchants complain to President Jefferson, while the French emperor Napoleon Bonaparte whispers to him, “You shall be King hereafter.” This image illustrates one of many political struggles in the years after the fight for ratification of the Constitution. In the nation’s first few years, no organized political parties existed. This began to change as U.S. citizens argued bitterly about the proper size and scope of the new national government. As a result, the 1790s witnessed the rise of opposing political parties: the Federalists and the Democratic-Republicans. Federalists saw unchecked democracy as a dire threat to the republic, and they pointed to the excesses of the French Revolution as proof of what awaited. Democratic-Republicans opposed the Federalists’ notion that only the wellborn and well educated were able to oversee the republic; they saw it as a pathway to oppression by an aristocracy.
Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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![A cartoon, titled “The happy Effects of the Grand Systom [sic] of shutting Ports against the English!!,” shows Thomas Jefferson addressing four men. Eight others stand behind them. In front of Jefferson, a table is covered with papers reading, “Pettition New York,” “Pettition Maryland,” and more. With arms extended, Jefferson says, “Citizens — I am sorry I cannot call you my Lords and Gentlemen!! — This is a Grand Philosophical Idea — shutting our Ports against the English — if we continue the Experiment for about fifteen or twenty years, we may begin then to feel the good ‘Effects’ — in the mean time to prevent our sailors from being idle. I would advise you to imploy them in various works of husbandry etc by that means we may gain the protection of that great and mighty Emperor and King Napoleon!!” Napoleon, who hides behind Jefferson’s chair, says, “You shall be King hereafter.” A small dog, whose collar reads, “John Bull,” says, “Bow Wow.” The men say, “How are we to Dispose of our produce”; “My warehouses are full”; “Yea friend thou may as well tell us to cut of our nose to be revenged of our face”; “My famely [sic] is Starving”; “My Goods are Spoiling”; “It was not the case in Great Washintons [sic] time”; “We must speak to him in more forceble [sic] language.”](/ocw/mirror/col11740/m50037/CNX_History_08_00_Effects.jpg)
