▪ contribution to England’s colonizing process of the would-be United States
▪ charter companies ▪ King provided a charter or grant conferring
economic rights as well as political and judicial authority
Foreign Language Teaching and Research Press
1. The Colonial Period
Mayflower, the ship that carried the Pilgrims from England to Plymouth, Massachusetts, where they established the first permanent New England colonage Teaching and Research Press
1. The Colonial Period
❖Massachusetts—settled by Pilgrims to escape religious persecution
❖Other colonies—like Virginia and Pennsylvania, founded as business ventures
❖“Consumer economy”
Foreign Language Teaching and Research Press
Ⅱ History of American Economy 1 The Colonial Period 2 Since American Independence 3 The 20th Century
1. The Colonial Period
❖Secondary industries (二级产业)
▪ appearance of sawmills (锯木场) and gristmills (磨房)
▪ shipyards—building fishing fleets and trading vessels
The United States of America
The United States of America
Chapter 11
Economy
Warming-up Activities
Think about these questions before we start:
➢ What industrial developments took place during the colonial period of America?
• anti-trust laws
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Ⅰ General Introduction
❖Private businesses produce most goods and services.
▪ Two thirds of the output goes to individuals; ▪ One third is bought by government and business.
▪ small iron forges (冶炼厂)
Foreign Language Teaching and Research Press
1. The Colonial Period
Gristmill
Iron forge
Foreign Language Teaching and Research Press
Foreign Language Teaching and Research Press
1. The Colonial Period
❖English investors turned over colonial charters to the settlers.
▪ enormous political implications
▪ producing a major portion of the world’s machinery, automobiles, oil, electrical energy, and chemicals.
❖Mixed economy
▪ emphasizing private ownership ▪ federal government—regulating businesses
Foreign Language Teaching and Research Press
Ⅰ General Introduction
❖US—the current industrial, economic and technological giant
▪ ranking first in computer technology, space technology, nuclear energy, and electronics, etc.;
▪ Colonists were left to build their own lives, communities, and economy, that is, to construct their new nation
Foreign Language Teaching and Research Press
➢ How did the Civil War affect the American economy?
➢ Why does America try to reduce trade barriers?
Foreign Language Teaching and Research Press
Contents Ⅰ General Introduction Ⅱ History of American Economy Ⅲ Current American Economy