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
differentiate between demand and supply
giving examples
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
![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)
