n cotton because of the ideal climate and soil. The economics between the North and South was cooperative as far as trade. The following are factors that had a big role in Economics. In 1793 Eli Whitney invented the cotton gin. This technology increased the production of cotton. In 1816 – 1819 there was an increase in cotton prices that stimulates settlements of the southwest. From 1849 – 1860 was the period of the highest cotton prices. Then as far as sugar production in 1849, Louisiana reached its highest peak. In 1869 the Transcontinental Railroad was completed which made trade easier for the North and the South. In 1808 Congress prohibited external slave trade. But in 1858 Congress considered reopening the external slave trade. People were for this because this would produce a higher population of slaves and at the same time it would decrease the price of the slaves. Reopening external slave trade would give more whites a stake in the institution.In 1848, gold was discovered in California. This caused the Gold Rush. Thousand of pioneers took part in this journey by boat and wagon. The people who were traveling to California were mostly going to take their fortune and return home, few actually stayed.In 1790 Washington realized that the war would jeopardize national survival, he asked Alexander Hamilton, the secretary of the treasury to set the “administration’s domestic priorities.” This plan met the interest of the Eastern United States but not the interests for the Western part of the United States. This sent the Western, Southern and people from the Mid-Atlantic regions into a political coalition that challenged the Federalists for control of the government and called for a return to the “true principles” of republicanism. This idea of a plan set the stage for the Whiskey Rebellion that set a milestone in determining limits on public opposition to federal policies. Also d...
