CLEP U.S. History I 061: Cotton Expansion, Forced Migration, and Slavery
U.S. History to 1877 | Chapter 11 | Lesson 11.6 Short-staple cotton became highly profitable after the cotton gin made seed removal faster, but the machine did not reduce slavery. It made wider inland cultivation profitable and increased demand for land and enslaved labor. Global textile demand, fertile soil, credit, steamboats, and Native dispossession produced […]
CLEP U.S. History I 060: Banking, Credit, and the Panics of 1819 and 1837
U.S. History to 1877 | Chapter 11 | Lesson 11.5 Credit allowed families and firms to act before they had accumulated cash. Banks issued notes and loans, merchants extended credit, governments sold bonds, and buyers purchased land with borrowed money. This accelerated construction, commerce, and settlement. It also connected distant failures: when lenders contracted credit […]
