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An economic theory based upon the ideas of Adam Smith, it contended that in a free economy self interest would lead individuals to act in ways that benefited society as a whole and therefore government should not intervene.
Industry:History
A secret organization founded in the southern states during Reconstruction to terrorize and intimidate former slaves and prevent them from voting or holding public office. Officially disbanded in 1869, a second anti black, anti Catholic, and anti Semitic Klan emerged in 1915 that aimed to preserve "Americanism. "
Industry:History
An anti foreign, anti Catholic political party that arose following massive Irish and Catholic immigration during the late 1840s. The Know Nothing party replaced the Whigs as the second largest party in New England and some other states between 1853 and 1856.
Industry:History
A labor organization founded in 1869, it called for the unity of all workers, rejected industrial capitalism, and favored cooperatively owned businesses but was discredited by such labor violence as the Haymarket Square riot and did not survive the depression of the 1890s.
Industry:History
Products grown or extracted from England's North American colonies that could be shipped only to England or other colonies within the empire. Goods on the first enumeration list included tobacco, indigo, and sugar. Later furs, molasses, and rice would be added to a growing list of products that the English colonies could not sell directly to foreign nations.
Industry:History
Proposed Constitutional amendment that would prohibit discrimination on the basis of gender.
Industry:History
Phrase used to describe the years following the War of 1812, when one party, the Jeffersonian Republicans, dominated politics, and a spirit of nationalism characterized public policy.
Industry:History
A current of Protestant Christianity emphasizing personal conversion, repentance of sin, and the authority of Scripture.
Industry:History
In this 1796 statement, in which he expresses his intention not to run for a third term as president, George Washington warns of the dangers of party divisions, sectionalism, and permanent alliances with foreign nations.
Industry:History
The central banking system of the United States, established with passage of the Federal Reserve Act of 1913, charged with the responsibility of managing the country's money supply through such means as lowering or raising interest rates. A presidentially appointed board of seven members (the Federal Reserve Board) oversees the twelve regional banks of the Federal Reserve System.
Industry:History
